The news of the conditions are good, says the Minister of the economy. Thierry Breton expressed delight: "I was expecting a very good news, you know, but it is clear that we have a remarkable performance of the French spring economy 2006, with growth annualized between 4.4 and 4.8 in the second quarter." It happened three times in twenty years. I say this for several months, all indicators are green. 
This best confirms to the heart of Europe in the second and probably in the third quarter 2006: all the information digested by the experts confirm that the Germany and the France are a little more growth... "The economic situation remains oriented on the rise", commented the Director of the IFO, Gebhard Flaig. It was possible to think the light better from last January and anticipate (in passing, there was therefore no need to launch at this time, in any case for economic reasons, the CPE for a rosy Outlook on unemployment).

But now the question of the meaning to be given to the budget and public expenditure arises with acuity. More education is needed: reconsideration of economic policy and the use of instruments which remain potentially effective and better understand the public what is happening. What adjustment of the economic policy today The European Central Bank, hyperprudente, almost surpassed all stakeholders: the growth being potential sign of rising prices, it has already increased in July its interest rate to 3 from August 9, 2006. In so doing, it plays its role and the role of brake... almost in advance, say some critics who do not believe was already to curb, or who believe that the rally will be of short duration, or who believe that the flight of some real estate assets does not in this manner control or even that it is inevitable. If growth deflects, his reputation will be affected.
Budget 2006 State in turn stimulates little voluntarily. Structurally, it is in deficit but with the rally, it stores that Thierry Breton does not want to call "Jackpot" but which is still a cyclical surplus of tax revenue. We learned the last few days that the surplus tax revenue would be in fact of the order of EUR 5 billion. According to Jean-François Copé, the "robustness" of VAT revenues "illustrates the dynamism of consumption", while the corporate tax collection "shows the financial health of businesses and the good investment."
It is anticipated that at the outset that a use of the surplus. The first assignment promised for these recipes is the debt of the State. The Minister of economy confirmed the objectives of a public debt below 60 of GDP "to more later in 2010" (58 in 2002, 65 in 2005). It is our European commitments, but the Government also wants to make the tax cuts before the election.
Is there a guideline in this budget The main weakness is that we tend to forget the usefulness of the budget, i.e. the use of public funds for priority spending. Why The side "balance" or "debt" is simpler. The tax side pleasure when it comes to "less taxes". The side expenses, i.e. socio-economic and civic, usefulness not deserve better Abandon the technician language. Talk simply about spending for Defense, education or employment.
More generally, show that there is a French strategy coordinated with that of the European Union. Present things so that Europe and fiscal policy appears as a "more", say it is made, and the service of that. Actions, achievements, results, in the service of the French European strategies for growth and employment.
Is the time not come also to say that it should be the budget of the State with coordination with the Germany Is it not German the message that his 3 points of the VAT increase will slow our growth and will hamper exports of its neighbours (as a devaluation before the euro) and the budgets of our two States must combine their effects instead of offsetting As noted Jacques Delors on 13 June last in Helsinki, "should update the issues that divide, also think about this notion of know who does what, and may take two or three joint actions where where the need arises: in the field of energy, in the field of infrastructure, and finally limited to fewer countries of economic and Monetary Union".where needed, next to the monetary system, a real coordination of national economic policies. "The Finland can take initiatives, anything is possible in this area, should propose, explain, listen to and then, then find devices that are compatible with the distribution of competences between the Union economic and Monetary Affairs on the one hand and countries not members of the other".