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AB 2000 studies

Alain Boublil Blog

   

France

To rethink industrial policy

The huge damages caused by the corona virus outbreak on the French production plants as becoming aware of the risks generated by the foreign dependence on essential supplies have driven to the resurgence of a concept some believed it was forgotten or inefficient, the industrial policy. It had its glorious time during the Sixties, when trade borders were starting to be opened and during the Eighties when were revealed the weaknesses of the national production plant.

The neo-liberal turnaround in the Nineties in Europe as in the U.S. had made the concept put among the ideas and the practices ...

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34.5 billion euro : A record for French State emissions of Bonds

Since the beginning of May, the State has issued bonds for a record amount, 34.4 billion, through two Treasury Bonds issues, which brought as a total 21.6 billion carrying a -0.5% negative interest rate and 13.8 billion through mid and long term maturities bonds, an amount to which must be added an emission premium for an amount of 1.4 billion, generated by a 4% 2060 Bond. During the same period in 2019, with the same number of issues, the State got a one and half lower amount, i.e. around 20 billion. The huge expenses ...

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Growth : The worst is to be feared

INSEE has just published, along with its first estimation of the GDP evolution during the 1st quarter, figures of household goods consumption in March and inflation in April. These figures are important because they allow making a first analysis of the economic agents reaction to the lockdown measures adopted since March 16th. GDP has fallen by 5.8% compared to the previous quarter and household goods consumption by 17% compared to March 2019. Inflation, month on month, has been 0.1%, i.e. on one year 0.4%.

The GDP fall is especially alarming that it comes after ...

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