6 Of GDP end of 2005 public debt returned to 65

If little, both to... An almost day to day after the publication of the report of Michel Pébereau, Chairman of BNP Paribas, on the public debt, is hardly less alarming and the slightly less huge task... General Rapporteur of the budget to the National Assembly, Gilles Carrez has also just mark this anniversary in its own way, calling for more rigorous in the control of public deficits. The UMP MP, who published Friday report to the Council of public finance the training to prepare for the annual Conference of public finances in January , demand more rigor in the control of public deficits, due to the challenge of ageing. According to him, the ceiling of 3 of public deficit allowed by the European stability and growth pact "is not enough binding by report to our problems". With growth of 2 per year, public deficits must not exceed 2.5, to stabilize the level of debt, with firmness, the rapporteur of the commission on the Finances of the National Assembly. For this goal, he argues, inter alia, for the amplification of structural reforms, including the decline in the size of the public service. They must already reduce 15,000 in 2007 (including half of National Education), a figure of an unprecedented scale. So, it remains far from the rule of replacement of a staff member on two advocated Nicolas Sarkozy when he was in 2004, Minister of economy and finance.

"Fear of being anxiety."

Today, Thierry Breton, sponsor of the Pébereau report, is one of those who seek to put the theme of the debt in the election campaign, while it remains, for the moment, against the background of the discussions. Even in Nicolas Sarkozy, deleveraging is less a campaign than an assumed need theme. From this point of view, the Pébereau report will have finally that in part decomplexed the policies on this subject. "Why political leaders have refused for so long to speak of our debt." "By fear to be anxiogenic, whereas it is precisely not to speak of the problems that is anxiety-provoking", is however believe Thierry Breton, who intervened in these words, last week, at the Forum of Jena, organized by the economic and social Council. A year after his report, Michel Pébereau does is to half reassured on the political will to take the problem to stigmata. "The rehabilitation of public finances in order must be the priority of the next Parliament," said today the President of BNP Paribas. In fact, over the past year, the situation has only slightly advanced. 66.6 Of GDP end of 2005, public debt returned to 65.5 end of June 2006, the first decline since 2001. On that date, the France debt still represented 1.141 billion euros. It must return to 64.6 of GDP end of 2006. But this limited debt is mainly the result of measures of opportunity, such as the assignment of the proceeds of the sale of the companies of highways or the loss of the wheel of France Treasury cash.