Public Debt: What Mélenchon Doesn't Say About the 3.536 Trillion Euros at Stake

Jean-Luc Mélenchon estimates that 636 billion euros of public debt is held by the Bank of France, while the government claims it is 884 billion euros. The total French public debt reached 3.536 trillion euros in the first quarter of 2026, accounting for 117.5% of GDP. Erasing this debt would require amending European treaties, a prospect deemed unthinkable by countries like Germany and the Netherlands.