The today health crisis poses the problem of its financing in large part by public debt - With the subprime crisis, how can the impact of such a cost be sustainable on the budget ?

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[...] These measures have severely squeezed the state budget. The debt of ACOSS, UNEDIC and CADES rose to €80 billion during the first phase of lockdown. Indeed, partial unemployment is a measure that protects both companies and their employees. Companies heavily impacted by the sharp drop or the total shutdown of activity will therefore benefit from this help by the State and Unedic to cushion the shock and avoid layoffs. Compensation for employees will be at least 84% of their net salary. [...]

[...] Le gouvernement présente un nouveau budget, gonflé de 20 milliards d'euro », ouest-france.fr, 04/11/2020 « Un budget 2021 de tous les records pour contrer la crise du coronavirus », lesechos.fr, 29/09/2020 « La récession actuelle et les précédentes : un regard sur longue période », blocnotesdeleco.banque-france.fr, 27/04/2020 Données statistiques tirées de l'INSEE, « dette et déficit publics » Définitions issues en partie de Wikipedia « Covid-19 et planche à billets : et si la solution était là ? », boursorama.com, 13/05/2020 « Coronavirus : la BCE injecte 750 milliards d'euros pour soutenir l'économie », novethic.fr, 19/03/2020 « Dette sociale, dette colossale   », clesdusocial.com, 15/07/2020 Dispositif de chômage partiel, economie.gouv.fr - « Déficit public abyssal et sévère récession en vue pour la France en 2020, alerte de l'UE », capital.fr, 06/05/2020 - « Les mesures de chômage partiel seront prolongées en 2021 si nécessaire », 20minutes.fr, 03/09/2020 - « Chômage partiel, les entreprises abusent déjà . [...]

[...] And it was underlining a little more importance for on-demand support. Protecting employees and the short-time unemployed, spending 8.5 billion euros, is a growing expenditure, because it was then budgeted at 24 billion and could exceed 58 billion. It is an excessive remedy to loans: France, thanks to its intermediary ‘France Tresor', borrows in big proportions for decades. According to international investors, France is an excellent issuer and offers safety. The challenge here is not to find lenders, but to respect European treaties. [...]

[...] We therefore asked ourselves the question: How is public debt an imperfect but inevitable lever for financing to overcome the consequences of the Covid-19 sanitary crisis? To answer this question, we will first see the imperfect side of this financing lever. In the second part, we will see that this lever, although with its imperfections, is essential to support the economy and cope with the various crises, particularly the current crisis. An imperfect financial lever Long term decreases of growth and increase of unemployment According to statistics from INSEE, the exceptional rise in French public debt is especially due to massive support from the sectors most affected by the crisis. [...]

[...] French people and their European neighbors (Germans, Belgians, Spaniards, Italians) are much more pessimistic than the rest of the world when it comes to the economic recovery. Only 20% believe the economy will recover quickly after the corona virus pandemic. Actually, they are particularly concerned about their health and their jobs of French people are afraid of getting sick even if they are very careful. ‘This year, the pessimism of the leaders continues to grow and reached a lower level than 2009, during the subprime crisis,' notes Bernard Gainnier, president of France and French-speaking Africa of PwC, quoted in a statement. [...]