The case or the deal (of the century)?

The new generations of Europeans are today urged, through the golden rule, to accept “debt without the dowry”.

Indeed, it is a generation, in the broad sense, which has benefited successively from the technological catch-up of the post-war period, from inflation and thus forms a new world and rids of the old capital, of the salary progress in the professional statutes and in the sharing of profits.

Then inflation was curbed in time to protect their acquired wealth, while the rules for protecting their status were strengthened. The debt was then a convenient third-payer.

To those who came next, was reserved the greatest flexibility of jobs and lives. Remained the debt without the dowry!

By the yardstick of this “economic breakage”, public deficits are only one of the elements of a larger inter-generational break, and no one in Europe should think of closing this case by pulling the ladder behind.

We consider that the debate around a “European budget deal” is that of the hope open or not to new generations in Europe.

The choice that will be made of national populist solutions of the “Golden Rule” type, or conversely of a European budgetary consolidation with the appropriate financial instruments, will define the attractiveness of the European space in the coming decades, and therefore his future.

As such, the eagerness of all – including the French government – to vote the Golden Rule is particularly worrying. All are hiding behind Mrs. Merkel’s anxiety-provoking silence to avoid opening a substantive dialogue on European ambition.

In the same way, the debate of the socialist primaries would have something of surrealism if it continued to avoid by the ease the European question. This at a time when the entire political class and the German electorate accept, even with difficulty, to open the debate.

Concerning us, if there are loans today, it is above all those of a generation towards, on the one hand, its elders who had the courage to make Europe and, on the other hand, new generations left without freedom of destiny.

Will the same generations who, in Europe, benefited from the “economic break of the century” resist the easy temptation of the golden rule to assume the promise of the United States of Europe through fiscal federalism? They will have largely begun to pay their debts index … For new generations, it will be the beginning of the Reconquista.