If there is one country where an increase in public debt is not justified, it is definitely France
In France we see that: The private sector debt ratio continue d to rise rapidly in the wake of the 2008 crisis: the increase in public debt is therefore not used to correct the fall in private debt; There is a shortfall in savings (as shown by the structural external deficit); Public investment has not increased, and the rising public debt is therefore not counterbalanced by an increase in public investment; Capital accumulation is not excessive (the increase in the public debt reduces private capital).
Provider
Natixis
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.