Clearly decreased public expenditures, regulatory simplifications, and a more efficient state machinery are some of the key concepts he has planned.
Production is too weak and the debt is overwhelming, says Bayrou to the French newspaper Le Journal.
When the debt becomes overwhelming, the deficits become unsustainable, he adds.
The issue is serious enough to leave the decision to the people, according to the Prime Minister.
I do not rule out any option, he says about the possibility.
However, this would require the President to propose a referendum.
France's budget deficit skyrocketed to nearly 6 percent of GDP last year – which can be compared to the ceiling of at most 3 percent. This year, the aim is set at 5.4 percent in deficit, but the goal is to get it down to below 3 percent within four years.
The previous French government fell last autumn in the aftermath of a tough political battle over the budget.
