The executive has agreed to help certain professionals greatly affected by the rise in gasoline prices, but refuses to generalize these checks to all French people. The National Rally (RN) and France Unbowed (LFI) hope to capitalize on the growing discontent.
In a meeting at Bercy, a minister expressed his thoughts: “The ‘crisis’ is going to be long, very long. I am not even certain that ‘crisis’ is the right word because it defines a situation, a moment, whereas we are entering an era of permanent ‘crisis.'”
Since the start of the war against Iran, government officials responsible for economic affairs have been closely monitoring the steady rise in energy prices that could have long-term impacts on the markets. According to one of them, “the oil sites and gas terminals have been significantly damaged by the attacks, and it will take years to rebuild everything.” Despite closely monitoring the situation, the government is not willing to give in to panic, even if it means rejecting the check policy implemented by Emmanuel Macron at the beginning of the war in Ukraine.
“We are not engaging in political maneuvers,” a government stalwart asserts. Thus, there is no question of succumbing to the demands of LFI, who want to cap prices, or those of the RN, who want to reduce energy taxes.
The government intends to stand firm by only helping professionals whose livelihoods are endangered by these price hikes, such as fishermen or farmers. However, the aid provided has been deemed too insufficient by those directly affected. Rather than treating the symptoms, the government prefers to address the root causes of the crisis affecting the hydrocarbon sector, which could significantly impact inflation.
“We must do everything to free the Strait of Hormuz,” a source close to the Elysée said on Monday. Additionally, this advisor insisted, “we must break free from our dependence on oil. The guy (implying Emmanuel Macron) who has been bothering everyone for nine years saying we need to move towards electric was right.”
A minister summarized these statements with a slogan: “Unplug the pump and plug in the charger.” To achieve this, the executive is considering offering assistance to professionals interested in implementing an electrification plan.
“The President told us that investing to gain independence was useful,” a minister shared. Furthermore, social leasing, a program that allows access to a new vehicle without purchasing it by paying monthly rent, could be expanded.
A motion of censure related to the price increases is not unlikely, which could lead to uncertainties until 2027.
