French Finance Minister Bruno Le Maire is on edge saying:

  • we have to prepare for a harsh winter with less gas available and we have to think about rationing gas for industry
  • energy rebates to consumers are better than windfall taxes on energy companies
  • in insurance companies should limit the increase in insurance premiums
  • French growth is solid, 2.5% for 2022 remains achievable
  • if the Russian gas supply were to be cut off, it could jeopardize economic growth
  • The reform of pensions and unemployment benefits remains a priority for the coming months
  • Full employment in France by 2027 remains the government’s key objective
  • France is studying choice for a better energy interconnection between Spain and France

For what it’s worth….