French President Nicolas Sarkozy's S&P downgrade counter-offensive
Agnès Verdier-Molinié a été interrogée par le Global Post sur la mise en place d'une TVA Sociale et la perte du triple-A de la France le 19 janvier 2012.
« "A VAT increase will have a minimal impact on decreasing the cost of labor in France," says Agnes Verdier, director of the Paris-based think-tank iFRAP. "A 2.5 percent [hike] will only bring in a mere $18 to 20 billion.
"We need a profound reform of our social system," Verdier adds. "The French are paradoxical, they want to maintain their welfare system even though they know it is very expensive, but at the same time they want to increase their buying power." »