Nupes sees interest rates on French debt rising slightly if they were to implement their program, but is counting on help from the European Central Bank. According to their program, they could get the ECB to transform its holdings from asset purchase programs into perpetual debt with zero interest as well as buying more. They’d also carry out an audit to determine a share of public debt that is “illegitimate.
Those plans have also met with criticism. In a radio interview last week, Bank of France Governor Francois Villeroy de Galhau warned the central bank can’t cancel debt as its against the founding treaties of the euro. “You can’t count on the ECB to buy more French debt,” Villeroy told BFM Business TV. “It wouldn’t do it, notably to not drive inflation, which is the main concern of French people.”Currently, the French retire at age 67, with full pensions regardless of how long they’ve worked.
Nupes wants people who’ve worked at least 40 years to be able to retired at age 60. It estimates this would cost 70 billion euros annually. According to Macron’s campaign proposal, the French could retire from 65, but his team has said that there would be exceptions.Nupes plans to freeze the prices of essential goods, including gas and electricity, five seasonal fruits and vegetables, and hygiene products. It would require big energy players to lower their margins and sell gas at a lower, regulated price. The alliance says it wants to negotiate an EU-wide wholesale gas price. Rents would be capped.
A new tax on financial transactions would be “significant.” Toxic and “useless” financial products would be banned, while leveraged buyouts would only be allowed when employees purchase their own companies. Shareholders rights’ would be tied to their seniority as investors.The alliance wants to ban layoffs at companies that receive public subsidies or pay dividends, and give employees a say on payout policies.
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'War is good for business' as drive to arm Ukraine looms over French expoNext to Ukraine's stand at the world's largest arms fair for ground forces on Monday, US manufacturer Lockheed Martin proudly displays its anti-tank Javelin missile like a big brother protecting its younger sibling. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo. Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn $50,000 now am financially stable. War is good for US weapon Manufacturers ..... $40 billions to Ukraine ..... while US military and ANOT dump SUPER OLD weapons to Ukraine .... and no accountability of where the $40 billion went .... while stupid Americans watch Fake CNN News and applaud
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