Medef is sounding the alarm. While social plans multiply, Patrick Martin anticipates a situation that could be much more serious than announced. “There are sectoral situations that are becoming quite tense: for construction it is absolutely critical, for automobiles and also for chemistry,” indicates the president of the employers’ association before the RTL microphone.
A dizzying figure that includes companies in the social and solidarity economy and that reflects “the increase in bankruptcy filings, the recovery of the labor market and the shortage of cash flow.”
The president of Medef highlights in particular the reduction of employer contributions that the Senate voted on Tuesday night in the Social Security financing bill: “We believe that we must be careful not to increase labor costs and taxes because “It is the best way to slow down economic activity and, therefore, reduce tax and social revenues.”
Patrick Martin affirms that his “main struggle” is to ensure that there is no increase in labor costs while France’s “is one of the highest in Europe and the world.” “The second fight is that large companies will bear an additional 12 billion euros in corporate taxes,” he laments. “At a time when international competition is going to get tougher, it’s a bit contradictory.”
A potential of 300,000 million euros less public spending in a few years
Despite these criticisms of the distribution of the 60 billion euros desired by the government, the president of Medef recognizes the situation of public finances that requires measures.
“But there is no need to go to the end of the world to find European countries that have made an effort to reduce public spending without breaking out in fire and blood and taking the population to the streets,” he insists, citing the examples of Portugal and Spain. .
Patrick Martin highlights above all the reduction of public spending, which, according to him, requires going “much further and much faster.” “The others have managed to do it like Denmark, which managed to reduce its public spending by 10 points of GDP in a few years,” he points out.
Source: BFM TV
