Pourquoi Mélenchon veut annuler la dette française (ça va mal finir)

This summer, Jean-Luc Mélenchon proposed erasing part of France's public debt held by the Bank of France, a statement that immediately sparked a range of reactions from commentators, from indignation to enthusiasm. But no one addressed the crucial question: which debt are we talking about? Because there are two fundamentally different types of debt, and confusing them changes everything: internal debt, which France owes itself through its central bank, and external debt, which it owes to foreign creditors. One is paid upon issuance, as soon as it is spent, whether wisely or not. The other is paid upon repayment, when the money is due back. Erasing the former changes nothing about the country's wealth. Erasing the latter would open a conflict with creditors who would never accept it without something in return. So why do Mélenchon and Matthieu Pigasse, the former investment banker with left-leaning sympathies who advocates this idea, think they can create room for maneuver by erasing this debt? What would really happen if France implemented this plan tomorrow? And why can Switzerland afford to ignore its own debt without anyone raising an eyebrow? In this video, I break down the entire mechanics of the French debt: the difference between domestic and external debt, the true weight of the budget deficit (40% of the state budget, not 5% of GDP), the precedent set by Mitterrand in 1981, and what would actually happen if the Bank of France erased €600 billion of debt overnight. There's no partisan stance here: I'm not judging Mélenchon's political program, only the economic reasoning behind it, based on verifiable facts and figures. Because the question isn't whether a debt can be erased with the stroke of a pen—it can. The real question is what remains to be paid once the accounting entry has disappeared. #france #Mélenchon #Economy ___________________ 🎙️All our podcasts are here🎙️ 👉https://grandangleecopodcast.buzzspro... Twitter 👉https://x.com/RichardDetente #grandangleeco #richarddétente #grandangle