The results of the elections in two of the most important länder in the former East-Germany, Saxe and Brandenburg are revealing the problems to which Germany is confronted with in these territories, 30 years after the reunification, but also in the whole country. During autumn 1989, massive demonstrations in Leipzig showed every week the rejection of the communist regime. Austrian border was half-opened to let pass these who wanted to go in the West of the country. At the beginning of November, in Berlin, under the pressure of the crowd, it was the wall which fell and the democratic ...

Continue reading

The small review of the French growth rate for the second quarter, which would have reached 0.3% instead of 0.2% in its first estimation, as the increase of household consumption of goods in July (+0.4%) after the fall in June (-0.2%) must not give illusions. The levels are still very low and insufficient to assert that France has regained a satisfying economic trend. In looking more closely at these numbers, it is possible to think it is even the opposite. Contrast is striking between the improvement of the financial situation of both household and enterprises and ...

Continue reading

Two major international meetings will be held at the end of the week. Leaders from the U.S, Canada, Japan, Germany, Italy and France, the country which hosts the Summit will get together in Biarritz. The creation of such “Summits” was decided in the middle of the Seventies. Their purpose was mainly economic. At that time, the world is emerging from the fixed currencies system instituted after the war and crisis are going one after the other. So heads of States and of governments are considering it is useful to talk to each other, to get informed about the intentions ...

Continue reading