Negative rates should not become a "drug", Judge Le Maire – Find Weed Website Edmonton Canada

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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.

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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.

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