"We are conducting a policy of ri-lance
G20 warned. Beware of excessive rigor. That's good, the government has always had something in horror. Rigor. However, in the fall, it will be many rigorous measures to be announced. Nonetheless, France has heard this message. This Sunday, at the Economic Forum, held annually the weekend by the Circle of economists, Christine Lagarde, Minister of Economy, has found a new formula. The "ri-lance, a mixture of rigor and recovery. "Renewal or rigor, this is not a choice, not a Gordian knot for me," she said.The economic policy that we are in France now is a political ri-lance.
So precisely what does she mean by "ri-lance? This is a "delicate balance which is really to reduce public spending where it will be less painful for the prospect of reviving economic activity," she says.
Another question: how to implement it? "We must carry out fundamental reforms such as pension reform and revitalize the economy by insisting on nvestments and innovation.
Reducing public expenditure without forgetting to relaunch growth. Such is the creed of the government, which needs to 100 billion euros in savings in three years and above who expects growth of 2.5% in 2011 as in 2012.Ambitious requires a real fight economic policy and especially a real global coordination.
The last summit of the G20 in Canada had indeed left a clear dissonance in this area between Europeans and Americans. They demanded that the Europeans do not all implement the same time austerity plans, fearing for U.S. growth.
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The G20 warns against excessive rigor