Translated from French
Message to the RN, with goodwill: you are being set up.
I don’t know if people realize what’s happening right now. The interest rate spread between France and Germany has just exceeded 120 basis points. Unprecedented since the euro crisis. The markets are quietly abandoning the French state, softly, without a sound.
And meanwhile, the Macron camp is calmly preparing its exit.
Look at the scenario closely. She spent ten years piling up debt. She knows the bill is coming. And she knows who will be in power when it drops: you.
They’re handing you a bomb. The day it explodes (soaring rates, impossible budget, creditors dictating terms), it won’t be the fault of those who built it anymore. It’ll be yours. “See, we warned you, the RN in power means chaos.”
Elon said it: you are France’s last hope. I think so too. That’s why I’m telling you this straight up, without hostility: if you show up with your current pitch, the state that protects, the state that guarantees, the state that reassures, you’ll fall with the country. And the last hope will have failed.
I know many of you get it. You know the solution is liberalism. But you don’t dare say it, for fear of scaring off the French who are attached to their social model.
Except that model was financed on credit. France is like an over-indebted guy who signed 50 Cofidis loans at 20% to pay for his groceries. It holds as long as the bank keeps lending. And the bank is stopping.
There’s still time to react.
Switch now to a clearly liberal line. The Lisnard line, the Sarah Knafo line. Attack statism head-on. Tell the French the truth: free enterprise, deregulation, massive tax cuts, reset everything. It’ll be tough, there will be tears, but it’ll be a chosen course rather than a forced bankruptcy.
If you prepare the ground today, on the day of the shock, you’ll be the ones who told the truth. If you don’t, you’ll wear the blame for a bankruptcy you didn’t even orchestrate.
Don’t let the Macron camp turn you into the fall guy. The moment is historic. Rise to it.https://x.com/brivael/status/2106749924138196999?s=20
Translated from French
I don't mean to alarm you, but...
Japan's Sumitomo Mitsui DS Asset Management fund has announced that it has sold its entire holdings of French bonds and shifted toward German Bunds and other short-term Japanese debt.
As a result, the France–Germany bond spread has reached levels not seen since 2011 (euro crisis).
The France/Germany spread is an interesting indicator because Germany remains the safest country in the eurozone on the markets. The gap between French OATs and the German Bund therefore measures the premium that investors demand to lend to Paris rather than Berlin.
It's a thermometer of confidence. And the markets are losing confidence in the French state.
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