Bernard Cazeneuve: “Through relentless isolation of the most rational left, one ultimately has to endure the true right.”

Bernard Cazeneuve on His Meeting with Emmanuel Macron

Bernard Cazeneuve, whose name was rumored this summer to be heading to Matignon, reflects on his first meeting with Emmanuel Macron. The former Prime Minister under François Hollande suggests that the President never wanted to appoint a center-left Prime Minister who would resist him, and that the left consciously chose not to play the power dynamics game, giving Macron free rein to push him out of power.

Concerns About Government Balance and Fiscal Policies

Cazeneuve expresses serious reservations about the balance of Macron’s government and the general direction of its policies, which he perceives as skewing to the right, far from his own longstanding choices. He questions the clarity of the Prime Minister’s intentions, particularly regarding the management of public finances, as the level of debt and deficits remains a major concern.

Challenges in Managing Public Finances

Highlighting the increasing deficit levels under Macron’s tenure, Cazeneuve points out the importance of addressing the national debt to avoid risks posed by market instability and to preserve the country’s sovereignty and ability to invest in eco-friendly transitions. He urges for transparency with the public about the necessity of handling the debt issue to secure France’s financial future effectively.

The Path to Fiscal Recovery

Cazeneuve questions the strategy for reducing the deficit from 6% in 2024 to 5% in 2025, emphasizing the need for a comprehensive financial plan, documented savings, and specific tax measures to achieve these goals. However, the full details beyond this point are reserved for subscribers.