Fabien Roussel, received at Matignon, presents a 500 billion euro investment plan
While François Bayrou, who will be asking MPs to vote on his government's confidence in the government on September 8, is calling for €44 billion in budget cuts, he received a Communist delegation this Monday. The delegation informed him of a €500 billion investment plan over five years to revive industry and public services.
At Matignon, the Communist delegation came to dot the i's and cross the t's. Fabien Roussel, national secretary of the PCF, and Stéphane Peu, president of the Democratic and Republican Left (GDR) group, put forward the Communists' proposals in the face of a Prime Minister who intends to pass a 2026 finance bill that will cut 44 billion euros from public spending .
"The Prime Minister is in denial about the situation in the country and the responsibility of his own government and previous ones," denounced Fabien Roussel, national secretary of the French Communist Party, after his meeting. The Macronists "have ruled France for eight years. They have increased the debt by 1,200 billion euros," he accused, deploring a budget proposal "that attacks the weakest" to better "spare the rich." Suffice it to say that on Monday, September 8, the Communist deputies will not vote on the motion of confidence in the government.
The meeting was an opportunity for the Communists to present their five-year, €500 billion investment plan. According to the French Communist Party, a fund should be set up for this purpose, funded by bank deposits. The goal is to provide zero-interest loans to local authorities and businesses, based on criteria defined to address climate and social emergencies.
This should relaunch major projects and work towards a new industrialization. The aim is to enable, indicated a resolution published last July, the construction of "200,000 homes per year, investment in rail, ports, rivers, roads, and soft modes of transport." This plan also provides for the launch of "a staff pre-recruitment plan" for public services.
Unsurprisingly, the liberal François Bayrou does not "believe" in this plan, notes Fabien Roussel after their meeting. "I pointed out that after Covid, he himself, as planning commissioner, had published a report making this type of proposal," the national secretary of the PCF likes to point out. While the two men agreed that the European Central Bank (ECB) should play a completely different role in relaunching massive investment capable of countering the economic war waged by the United States, the national secretary of the PCF has few illusions that François Bayrou is waging a battle to this end with the European institutions.
Furthermore, the head of government expressed a clear rejection of the PCF's idea of nationalizing a large commercial bank in order to use its deposits for a new industrialization of France. Two visions clashed this Monday. To obtain "another budget," the PCF will participate in the actions of September 10 and will mobilize with the inter-union on September 18 .
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