Presidential: Nobel Prize winner Jean Tirole denounces Marine Le Pen’s economic program – Le Figaro

The French Nobel laureate in economics Jean Tirole warns against Marine Le Pen’s economic program, which he says is “concealing and unfunded” and “will permanently impoverish our country”, in a column published on Saturday in La Dépêche du Midi. Read also “Leading the country as a mother”: in Eure-et-Loir, Marine Le Pen wants to reassure “Marine Le Pen’s program is a Prévert-style list of additional expenses, largely underestimated at 68 billion euros. ‘euros a year, financed with the help of unfortunately partly fictitious revenue,’ says the winner of the prize awarded by the Bank of Sweden in 2014. According to him, the 16 billion euros in savings that Marine Le Pen says she wants to be made through immigration measures are ‘a calculation that is based on wind: all the studies show that immigrants cost almost nothing in terms of public money, because the social security contributions of those who work offset the costs attributed to our social protection system. Also wondering about how the far-right candidate will achieve “8 billion in savings on the functioning of the State”, he believes, like the Montaigne Institute before him, that “the cost of his spending program seems very underestimated”. “Lowering the retirement age to 60 will bankrupt our system, with significant consequences for the most disadvantaged”, affirms Jean Tirole while the RN candidate wants to reinstate this starting age for those who started working between 17 and 20 years old. Marine Le Pen’s proposals will “neither prepare for the future nor reduce inequalities”, according to the economist, who takes as an example the exemption from income tax for those under 30 who s ‘would also apply for a high graduate “winning five times the Smic”. “Frexit which does not say its name” Noting that despite a public debt that has fallen from 100% to nearly 116% of GDP due to the health crisis, France has not lost the confidence of the markets, he anticipates that “the lack of foresight in Marine Le Pen’s program will not reassure the latter, who will see in France a European version of Argentina”. Finally, if the RN candidate “no longer talks about leaving Europe and the euro, her program amounts to sitting on European rules and will immediately create a deep crisis in the Union, with immediate repercussions on budgetary credibility. of France”, warns the Nobel Prize for which it would be “a Frexit which does not say its name”.