I am not here to help everyone: Roland Lescure confirms that new aids will remain focused on those who need it most and in particular those who work

On Tuesday, the Minister of Economy was a guest on BFM Business and announced that a joint statement would be issued at the end of the G7 Finance meeting taking place at Bercy. He also emphasized that the French economy was showing resilience despite facing challenging circumstances.

Gathering at Bercy since Monday, the G7 Finance ministers will indeed release a joint statement after their meetings. This was confirmed by Minister Roland Lescure on BFM Business. He stated, “There will be a joint statement, this is an announcement that I make because in the G7, there is always a question of whether we can agree enough to issue a joint statement.”

Acknowledging doubts earlier in the year regarding the usefulness of the G7 amidst international tensions, the minister highlighted the importance of communication and collaboration. The anticipated statement is expected to address various critical topics, including global imbalances, assistance to vulnerable countries, and the impact of the crisis in the Middle East on citizens’ daily lives.

Regarding the increase in bond yields due to conflicts involving the US, Israel, and Iran, Minister Lescure reassured that the French economy was resilient. He emphasized the need to assess the situation realistically and mentioned factors contributing to France’s economic strength.

Despite acknowledging the impact of the crisis, the minister expressed optimism that France was not facing stagflation or recession. He stressed the importance of a swift resolution to the conflict to minimize adverse effects on the French economy.

In response to potential fuel price increases, Minister Lescure recognized the ongoing challenges but anticipated a decrease if oil prices were to drop. He praised Totalenergies for capping prices at its stations and expressed gratitude for their support to consumers.

In an effort to assist the most vulnerable during the fuel price surge, additional aid measures are expected to be announced by Prime Minister Sébastien Lecornu. The minister emphasized the importance of prioritizing support for those in need amidst financial constraints.

Overall, the discussions at the G7 Finance meeting encompassed various pressing issues, highlighting the importance of international cooperation and solidarity during challenging times.