Depuis près de deux ans l’essentiel des réflexions économiques et des commentaires porte sur la montée des risques, l’imminence d’une récession et même sur une nouvelle crise financière majeure. Aucun économiste n’avait prévu la crise de 20007-2008 et aucun responsable politique n’avait proposé de mesures pour parer à ce risque. Cela les incite aujourd’hui à annoncer le pire pour prétendre ensuite « qu’ils l’avaient bien dit ». Il est indiscutable que le monde traverse une période propice aux accidents et même aux ruptures. Les tensions commerciales ...

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Liberalism has not the same signification in France than in Anglo-Saxon countries where it refers to political or societal issues. In France, it applies to economy and to a policy which confers to private economic agents the duty to reach major internal (price, full employment) equilibriums and external balances through the adjustment of the currency rate. To give a larger significance to this model, it has been invented the neo liberalism concept. It will be relaunched under Ronald Reagan mandate in the U.S. at the beginning of the Eighties through putting an end to policies inspired by Keynes and ...

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Two major international meetings will be held at the end of the week. Leaders from the U.S, Canada, Japan, Germany, Italy and France, the country which hosts the Summit will get together in Biarritz. The creation of such “Summits” was decided in the middle of the Seventies. Their purpose was mainly economic. At that time, the world is emerging from the fixed currencies system instituted after the war and crisis are going one after the other. So heads of States and of governments are considering it is useful to talk to each other, to get informed about the intentions ...

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