In principle this message goes rather well

The rescue of Dexia, the orientation of the excess of the booklet is to credit for SMEs and the meeting of the bankers and insurers in the Elysee Palace: the emergency measures taken since three days by the Executive to deal with the banking crisis from the United States are a unanimity as the UMP majority had not known since the presidential election.

More sensitive is the issue of economic policy would be implemented to cushion the impact on the French economy. With a possible deterioration of the situation, Nicolas Sarkozy has opened, last week, all routes of intervention possible, referring to the prospect of a policy of "boost" and the clearance of the Maastricht criteria on deficits even for the first time.

In principle, this message goes rather well. But hold in the beginning of the equation: when and to what degree considered that the situation is sufficiently degraded to initiate such a policy change On this point, the head of State has taken care to put its projects to the conditional and insist on the need for further reforms and control of public expenditure. But he also developed a vision rather black of the situation in the coming months, referring to "lasting consequences" of the financial crisis, in the area of "growth, unemployment and purchasing power." Yesterday, he also confirmed by the Council of Ministers several social inch rounds in the name of "justice and fairness" necessary "in times of crisis": the RSA, but also a Christmas bonus plus and paid as early as November to holders of the RMI and the ASS, increases in the minimum old-age and the allowance for disabled adults. His advisor Henri Guaino, he made an exegesis of the Toulon speech contributed to worry about other leaders of the majority. Last weekend, France 2, he found that the France is "almost recession" and that the 2009 budget "is not immutable." Is this a sign that the budgetary floodgates are open Person most likely to criticism, but several parliamentarians refuse to see abandoned the priority to the reduction of the deficits (Bruno Le Maire, Hervé Mariton) and asked the "unnecessary public spending" (Jean-François Copé and new Centre parliamentarians) hunting. Claude Guéant, Secretary General of the Elysee Palace, said Sunday that "the expenditure of the State is very required."

"Not clone".

François Fillon, he clearly seeks the right balance: behind the head of State but is concerned about budget seriously, which led it to be rather less catastrophic on the far-reaching implications of the crisis. If he spoke yesterday in "Les echos" the possibility that the "Vienna situation to deteriorate significantly more" that provided, he immediately said: "I do me place not from this perspective." And on the merits, as a boost to all, it is rather on the credit to SMEs seems far working Government. Indeed, this trial and error is much to the great unknown was opened in fifteen days the bankruptcy of Lehman Brothers: "Unlike previous economic crises, we do not"clone"for it: it is not known what effect the collapse of a bank causes on the economy and the situation of the people", is an advisor.