Archives Jan. 1, 2019

Instead of going to rest at Bregançon or at Marrakech, French political leaders would have been better inspired to go to Sienna. Inside the Palazzo Pubblico, they would have been able to admire the Ambroggio Lorenzetti large fresco, the Allegory of the good and of the bad government. On the wall located at the right of the central panel where are sit the Ministers, is represented a peaceful and prosperous city where happy inhabitants are walking, located in the middle of a campaign where fields are well maintained and where olive trees are growing. On the left, to the ...

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Crises are not always financial ones. They can hurt an industrial sector and if this one is important as the car industry in France and even more in Germany, that can have repercussions on the whole economy. Our country has already had that experience in the Seventies and the Eighties with plant closures and massive redundancies in the steel industry or with telecommunications twenty years later when the rise of the mobile phones has affected all the information treatment and transmission systems. These crises have provoked the disappearance or the passage under foreign control of national industry jewels. The car ...

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Paul Volcker death has given the opportunity to recall his essential role, since he was appointed at the presidency of the American central bank. He will be at the origin of the predominant role given to central banks in the U.S. as in Europe and in Japan, notably regarding the fight against inflation. This role is not without making us reminding that one the British economist, John Maynard Keynes, plaid, at the beginning of the Thirties to get the world out from the terrible crisis which affected it in 1929. He made accepted that the market was not able ...

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