The latest estimation of the American growth rate during the second 2018 quarter has just been published: 4.2%. It is an annualized rate. In Europe we use quarterly rates which give the illusion that our numbers are much lower than they are in reality. In using the same method, the American quarterly rate is closed to 1%. Compared to French 0.2% rate for the first 2018 two quarters, the achievement is enviable. During the last twelve months, American growth is close to 3%, which is twice higher than in the eurozone and nothing allows us to think that ...

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Military battles are won thanks to appropriate alliances. It is the same in economy where the usual term is rather competition but the result is the same: there are winners and losers. The United States president seems to ignore that obviousness. On one side he shows off, to the opposite to his predecessors, an unlimited desire for power and, in the same time, he isolates his country. Every meetings he participates or appointments he gives, and there would have been a lot in July, reveals deep clashes. NATO Summit saw the United States bringing an accusation against European countries. The ...

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The vague agreement between North Korea and the United States about the denuclearization of the Korean peninsula, instead of North Korea alone as it was initially requested by Washington, must not make us to forget the psychodrama we attended at the G7. Political leaders must now question themselves about the future of this kind of event. Created in 1975 by a French initiative, these meetings had as a purpose to allow major Western powers and Japan to exchange on economic issues and to find common positions on major trade and financial challenges. It never emerged decisive decisions and that has ...

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