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AB 2000 studies

Alain Boublil Blog

   

France

3.30%:index of the State 10-years bond rate

Agence France Trésor, whose mission is to manage the State's debt, publishes an index, the TEC 10, every day, which reflects the financing conditions of the public debt for the 10-year maturity. The figure of 3.30% is the lowest in several months and testifies, contrary to many comments, to the confidence of the markets in France's ability to manage its debt. By way of comparison, the American and British rates are above 4%. In the euro area, the gap with Germany continues to narrow and has fallen to 57 basis points from more than 70 basis ...

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An uncertain energy transition

The figures for energy consumption and production for the year 2025 and the Multi-Year Energy Program of France (PPE) for the period 2025-2035 have just been published simultaneously. Over one year, the production of the nuclear fleet remained stable at around 360 TWh but electricity and natural gas consumption fell by 4.5 and 5.9% respectively. The energy deficit has been reduced to €50 billion, thanks in particular to electricity exports, which reached a record level of 95 TWh, thus contributing €5.5 billion to the trade balance.

The PPE, published two years late, is presented in a decree ...

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How is France ?

 

The last two motions of censure having been rejected in the National Assembly like the four previous ones, the Prime Minister is strengthened and France, for the first time since the dissolution of 2024, has a government with a certain stability and a budget that allows the State to function. On the economic front, INSEE has published the first estimate of GDP growth for 2025. With 0.9%, it is certainly far from having returned to the past rhythms but given the international context and the political instability in the country, this result is reassuring. However, it is insufficient to ...

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