Economy Minister Bruno Le Maire said Saturday that negative interest rates should not lead to increased public spending in France, warning against "negative effects" of a policy of low rates.
"These negative interest rates have advantages" but "they also have disadvantages," told reporters Le Mayor, on the sidelines of the Economic Meeting of Aix-en-Provence (Bouches-du-Rhone).
"Negative rates allow us to refinance French debt at very attractive rates, which also allows companies to finance their investments and grow," he said.
"But it also has a negative aspect for the less wealthy households," said the minister, fearing that these low rates are an "element of increasing inequality" in France and Europe.
"Negative interest rates favor wealthy households, who can borrow". But they do not benefit the "most modest households", who "have expenses of housing, food, clothing, transportation" and "can not borrow".
France's 10-year borrowing rate fell for the first time in negative territory in June, in line with the German rate (the "bund"), which is a benchmark in Europe.
These low rates, which mean that states can get into debt free or almost free, have pushed some economists to call for a loosening of French fiscal policy.
"We must not let the fall in rates lead us to further increase current spending," warned Bruno Mayor, saying he is committed to reducing the deficit and the French public debt.
"At the state level, be careful, because these negative interest rates should not become a kind of drug that prevents us from seeing certain economic realities," he said.
Asked about the opportunity to finance not current expenses but long-term investments, such as the ecological transition, Mr. Le Maire was also cautious.
"Financing innovation is already a priority of the government and we are spending a lot of money on it, notably through the research tax credit and the PIA" (investment program for the future), he said.
"If there are additional expenses that must be considered, it must be done at European level, for technological and industrial cooperation," he insisted.
Here’s what you want to know before seeing your local medical dispensary:You may need a physician’s recommendation, medical cannabis certificate, and/or whatever appropriate documentation is needed by your condition. Ordinarily, you need to be 18 or older to qualify for a medical authorization, but exceptions may be made in some states for minors with especially debilitating problems. You will often register with a medicinal dispensary. This is to keep your medical cannabis recommendation or certification on file for legal and regulatory purposes. There will be a waiting space. This is to control the circulation of patients and product, but a straightforward dividing wall also gives patients privacy and direct one-on-one contact using a budtender to discuss medical problems. Many times, but not always, your purchases will be monitored by medical dispensaries. This process can help budtenders and patients track effective medicine as well as have a living record of manufacturers and products for future reference and follow up. Medicinal dispensaries usually allow you to smell and analyze the buds before purchase. This might differ from state-to-state.
Yes, municipal approval is required prior to the AGLC will issue a retail cannabis license. Applicants must get in contact with their intended municipality to learn requirements concerning municipal retail cannabis laws, zoning requirements, land-use restrictions, and location requirements regarding how close a retail store is to a provincial health care centre, school, or parcel of property designated as a college book.
Keep non-medical cannabis legal Adults that are 19 decades or older are in a position to:Have up to 30 g of legal dried cannabis or the equivalent on their person. Share up to 30 g of legal cannabis with other adults in Canada. Purchase cannabis products from a Yukon Liquor Corporation licensed merchant. Grow up to four crops per household. It is illegal to provide non-medical cannabis to anyone below the age of 19 and for anyone under the age of 19 to possess any quantity of non-medical cannabis in Yukon.It is dangerous and illegal to drive while under the influence of cannabis or other intoxicants.