Budget 2026, pension reform, National Gathering, 8:30 a.m. franceinfo Monday November 3, 2025

Philippe Aghion was the guest of “8h30 franceinfo”, Monday November 3, 2025.

Philippe Aghion, Nobel Prize winner in economics, was the guest of “8h30 franceinfo” Monday November 3, 2025. France’s budget for 2026, postponement of the pension reform, counter-budget of the National Rally, he answered questions from Agathe Lambret and Paul Larrouturou.

While the National Assembly is currently debating France’s draft budget for 2026, in particular its revenue part, Philippe Aghion launched a call for the responsibility of deputies. “I hope we will manage (to find a compromise), because otherwise we arrive at the worst”warns the Nobel Prize winner in economics. According to him, a failure of negotiations between parliamentarians would plunge the country into a “huge political instability.”

The president of the French Association of Economic Science said he was skeptical about the “sense of responsibility” of certain parliamentarians. “There are some who have it, others less so.”he believes. Very critical, Philippe Aghion even said “dismayed by the intellectual and economic level of certain deputies.” He also described “delirium” And “tax improvisation” the new taxes debated in recent days in the hemicycle, in particular the tax on unproductive wealth or the tax on multinationals.

On the other hand, the Nobel Prize winner in economics said he was in favor of a “flattening” the taxation of holding companies, structures “often used to avoid taxes.” “The idea is not to delete them, but there is misuse”he clarified.