LFI's Economic Plan Details

Éric Coquerel, a member of La France insoumise (LFI), has proposed an economic plan aimed at relaunching the French economy by seeking "money that is not productive." The plan, outlined in a press conference with Jean-Luc Mélenchon, includes 81 billion euros in additional spending, funded by 106 billion euros in additional revenue. This approach contrasts sharply with the government's proposal, which includes savings of 54 billion euros.

LFI's Funding Strategy

Coquerel acknowledged criticism from some economists regarding the financing of these measures, but he stated that the party intends to "find the money where Macron put it since 2017." He argued that half of the deficit is explained by the decrease in revenue, which has mainly been favored by the very largely under-taxed capital income. Coquerel emphasized that the party prefers to seek funds where they are not productive, stating that it is better to look where it is not useful unless it is to accumulate wealth.

Criticism of Government Spending Cuts

He criticized the government's approach of "reducing deficits by cutting spending, weakening public services." Coquerel admitted to wanting to "respond to the needs of the French people and businesses that need to fill their order books," rather than "pleasing financiers." Facing fears from the market and particularly creditors, who are calling on deputies to reduce public spending, Coquerel claimed to want to work for "workers, artisans, small and medium-sized enterprises, and large companies" by "giving them market shares."

LFI's Economic Performance Claim

He concluded by noting that "all the numbers are in the red except one: we are European champions and second in the world in dividends." This statement highlights LFI's argument that despite economic challenges, France performs well in certain financial metrics, such as dividend returns.