The announcement by the rating agency Moody's that France AA will be maintained with a negative outlook is a refutation of the catastrophist discourse widely spread in the political world and in the media. AA is one of the best ratings in the euro area, but the negative outlook is justified by the lack of clarification on the 2026 and 2027 budgets, with the risk of a return to the same political instability that followed the dissolution of the National Assembly in 2024. It is this instability and not the situation of public finances that was at the origin ...

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The fact that the President of the United States did not consult or at least inform European leaders of the launch of military operations in Iran did not surprise anyone. However, the continent, which imports almost all of its fossil fuels, will be one of the regions of the planet that will bear the heaviest economic consequences. This situation is to be compared to the White House's taking charge of discussions with Moscow with a view to finding a way out of the war in Ukraine and where Europe, although directly concerned, is kept on the sidelines. This can ...

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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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