You can learn a lot about a country in eying its flag. As in Russia, where it is the emblem of the revolution, Chinese flag is red. But in this country, from always, it is mainly the emblem of wealth. Young women frequently chose that color for their wedding dress. On this background, there are five stars, four as a half-circle and the fifth, larger, atop of them. They are yellow, the emperor color. Unlike the American and European flags, where they mean the belonging to a Federation or to a Union, what is important is their number. In China ...

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At a moment when the Goncourt Prize in France is awarded to a narrative about the annexation of Austria by the German Nazi regime and when October Revolution is commemorated, instead of being celebrated, history is omnipresent. It has invaded political debate in France, where are castigated policies conducted “for thirty years”. At the beginning, it was the left which was targeted because that period coincided with François Mitterrand election in 1981. But, years after years, this starting point has moved and this indictment has lost some of its political content. The main flaw of the Eighties is that ...

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Last Thursday, the European Central Bank has announced the main orientations of its monetary policy for the next year. They have been clarified by the comments added by its president, Mario Draghi. We have, now, a clear indication about the evolution of the eurozone during the coming months. Markets made no mistakes about it. They immediately reacted: European stock markets, except Spain due to political reasons, rose and the euro fell. The currency lost more than 1% against the dollar.

First, the ECB announced that it will prorogate until September 2018 its quantitative easing policy but for amounts reduced to ...

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