My erstwhile colleague Jens #Henriksson reminded me of his @bruegel.org 2007 essay on budgetary consolidation. Almost twenty years on, his no-nonsense approach strikes me as still relevant. Should be a must-read for all French current and would-be policymakers.

www.bruegel.org/system/files...

Dans @lemonde.fr une mise en regard de mon intervention avec celle de Jean-Louis #Bourlanges. Bilans amers, certes, mais d’abord lucides. Comme disait #Gramsci, il faut allier le pessimisme de la raison et l’optimisme de la volonté.

Stunning graph by the British Office for Budget Responsibility on the net fiscal contribution by age bracket.

That’s my source (apologies, I am not yet very familiar with @bsky.app

A @economist.com cartoon that captures well the dire situation of my home country