The point is at the heart of the political debate and of the economic policy as the decline of the French industry, despite all the measures taken for more than ten years, seems more and more obvious. But to appreciate its extent, we must not take the wrong indicator. The most frequently quoted is the continuous diminution of the industry value-added share in the GDP. But it is not the most convincing because this relative fall may also come from a stronger growth of the other sectors of activity, especially in the services with the development of tourism or of ...

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Fitch notation agency has announced that the France would been downgraded to AA-. The two other agencies, Moody’s and Standard and Poor’s would inform of their decision before next summer but it would be surprising if none of these two doesn’t do the same. It is the third downgrading since France has lost its AAA in 2012, following the crisis of the euro. Reasons given by the agency refer, along with the public deficit and indebtedness, to the deterioration of the social climate which would make more difficult the adoption of the new measures, necessary to reduce ...

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France is going through a major social crisis resulting from the government will to reform the pension system. The promulgation of the law including the postponement until 64 years old of the legal retirement age is not going to put an end to the dissent. In the same time the Paris stock market is breaking records. The CAC 40 index has even registered at the end of last week the highest increase among the major financial markets with +16.2% since the beginning of the year against 7.8% for the SP500 in New York, 13.5% for the German ...

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