How to best fight cost shocks? is an important question to debate for an evidence based sub, also this is to be seen in context of Macron’s last year in power
>What should we discuss
good economics? and populism
>What do I think?
Heartwarming: Neolib king crashes his approval rating to hold the line for economic policy , IMO something Macron should have done more often because he still took a hit from general energy prices increases in 2022-3 despite price controls
Meanwhile the far-right is spreading the conspiracy that the State is benefiting from increased prices through VAT revenue (smooth brains, it’s not how it works)
Though I hate how the public investment bank is forced to finance stupid shit like that (buying NFTs already lost them enough money)
Frost-eee on
Good
WAGRAMWAGRAM on
!ping FRANCE
Brent reached the $110-per-barrel mark on Friday, March 27, and the surge in oil prices is far from over. Economy Minister Roland Lescure has unveiled a series of targeted measures for **fishermen, farmers, and transporters**.
Regarding the fishing industry, the government is allocating a budget of **five million euros** to offset gasoline prices at a rate of **20 euro cents per liter**. These funds will be reimbursed to fishermen rather than provided as a discount at the pump. The “most affected” transporters will receive a lump-sum payment that the government hopes will be more targeted than in 2022, totaling 50 million euros. Finally, farmers will be exempt from paying the TICPE tax for one month, resulting in a revenue shortfall of 14 million euros for the government. Follow our live coverage.
Aid for “frequent drivers”: Roland Lescure had already mentioned the case of “frequent drivers” on Thursday, citing in particular ‘truckers’ and “fishermen.” In addition, the public investment bank “will offer **subsidized loans**, guaranteed by the government, to help with cash flow,” said Serge Papin, Minister for Small and Medium-Sized Enterprises and Purchasing Power. “**In terms of taxes and social security, government agencies will defer payments**.”
**No blanket measures however**, the government has ruled out the possibility of reducing fuel taxes, as demanded by the National Rally, or of capping prices, as called for by La France Insoumise. **“**We will not have (…) general measures because they are ineffective,” “costly,” and “often counterproductive**,” said Economy Minister Roland Lescure** (❤️)
Road transport sector concerned. Trucking companies plan to mobilize starting this weekend to demand aid in the face of rising fuel prices. Negotiations with the government are at “an dead end,” said Jean-Marc Rivera, general delegate of the European Road Transport Organization
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>Why this matter the the sub
How to best fight cost shocks? is an important question to debate for an evidence based sub, also this is to be seen in context of Macron’s last year in power
>What should we discuss
good economics? and populism
>What do I think?
Heartwarming: Neolib king crashes his approval rating to hold the line for economic policy , IMO something Macron should have done more often because he still took a hit from general energy prices increases in 2022-3 despite price controls
Meanwhile the far-right is spreading the conspiracy that the State is benefiting from increased prices through VAT revenue (smooth brains, it’s not how it works)
Though I hate how the public investment bank is forced to finance stupid shit like that (buying NFTs already lost them enough money)
Good
!ping FRANCE
Brent reached the $110-per-barrel mark on Friday, March 27, and the surge in oil prices is far from over. Economy Minister Roland Lescure has unveiled a series of targeted measures for **fishermen, farmers, and transporters**.
Regarding the fishing industry, the government is allocating a budget of **five million euros** to offset gasoline prices at a rate of **20 euro cents per liter**. These funds will be reimbursed to fishermen rather than provided as a discount at the pump. The “most affected” transporters will receive a lump-sum payment that the government hopes will be more targeted than in 2022, totaling 50 million euros. Finally, farmers will be exempt from paying the TICPE tax for one month, resulting in a revenue shortfall of 14 million euros for the government. Follow our live coverage.
Aid for “frequent drivers”: Roland Lescure had already mentioned the case of “frequent drivers” on Thursday, citing in particular ‘truckers’ and “fishermen.” In addition, the public investment bank “will offer **subsidized loans**, guaranteed by the government, to help with cash flow,” said Serge Papin, Minister for Small and Medium-Sized Enterprises and Purchasing Power. “**In terms of taxes and social security, government agencies will defer payments**.”
**No blanket measures however**, the government has ruled out the possibility of reducing fuel taxes, as demanded by the National Rally, or of capping prices, as called for by La France Insoumise. **“**We will not have (…) general measures because they are ineffective,” “costly,” and “often counterproductive**,” said Economy Minister Roland Lescure** (❤️)
Road transport sector concerned. Trucking companies plan to mobilize starting this weekend to demand aid in the face of rising fuel prices. Negotiations with the government are at “an dead end,” said Jean-Marc Rivera, general delegate of the European Road Transport Organization
French are capable of good economics? Damn