Archives Jan. 1, 2016

La baisse des taux à long terme s’est accélérée au mois de février et ils ont retrouvé leur niveau le plus bas depuis avril 2015. C’est d’abord le signe que les marchés considèrent la  France comme l’un des pays les plus solvables au monde. L’écart avec l’Allemagne reste compris suivant les jours entre 30 et 40 points de base. Mais la baisse des taux résulte aussi des anticipations des investisseurs qui parient désormais sur un nouvel assouplissement de la politique monétaire de la BCE au mois ...

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When, during 2007 summer, banks realized they had, in their books, assets which were constituted with irrecoverable loans, financial planet started to be shaken. It will be necessary to wait for Lehmann bankruptcy, a year later, to assess the size of the disaster which provoked the biggest post-war financial crisis and a major world recession. Are we on the brink of the same situation? Market value of the banking sector has fallen since the beginning of the year and it reflects this concern but, apparently, banks are in a much better situation than in 2007. Their core capital ratios have ...

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During a long period of time, energy policies were following economic or strategic considerations : to exploit natural resources the best possible way for those which had them, to guarantee supply security, to support the development of industrial sectors bringing a relative independence accompanied with job creations and exports which resulted from them. This time seems to be over in some countries like Germany and France where “turnarounds” in energy policies have been largely influenced by political considerations.

Angela Merkel CDU is much less strong than it is generally believed. It governs thanks to an alliance with Bavaria CSU but it ...

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