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The study, which offers a concrete timetable of reforms for the first 100 days of the new presidency, aims to alert the candidates of the French presidential elections to the importance of undertaking major reforms, as Mario Monti is doing in Italy. The situation is urgent. The French government has not run a budgetary surplus in over 35 years, the banks are undercapitalised, unemployment is around 10 per cent and a national debt is approaching 90 per cent of economic output. In January, Standard & Poor's stripped Paris of its triple-A credit rating for the first time.
According to iFRAP Foundation it is necessary to act as soon as possible in order to create growth and reduce public spending. As of 19 June, an initial package of reforms would have to be unveiled, which iFRAP Foundation called “growth stimulus”.