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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‘It's a tough moment for a business’: Shenzhen battles economic slowdownHome to some of the country’s leading companies, China’s biggest goods exporter is struggling amid lockdowns, border closures and decreased consumer demand I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Allison_Grillo and started Bitcoin trading, I earned R150,000 in 3 weeks thanks Allison_Grillo.
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