The Barnier government fall after the likely vote of a motion of censure regarding the Social Security financing law is the consequence of the contradictions between the economic policy choices adopted for ten years and the necessity to contain the evolution of the French public debt. But the alarming words employed these last two weeks are immoderate: the comparison with Greece doesn’t make any sense due to the different sizes of the two countries and these about Germany are groundless because the country is going to be confronted with heavy economic difficulties and a real political instability caused by ...

Continue reading

The reports and the comments are plentiful after France poor economic results. The followed trend for twenty years is worrying due to a continuous and significant downgrade of the main economic indicators. After two decades shown by growth, an inflation reduction, the necessary industrial restructurings along with some mastery regarding public finances (the public debt in 2002 reached only 60% of the GDP) which had allowed France to come in the euro zone, the situation has not stopped to deteriorate: trade deficit and record public indebtedness, low growth and unemployment staying at a high level and a worrying de-industrialization. All ...

Continue reading

The large Donald Trump victory, at variance with the poll opinions which had estimated that the result will be very narrow, and the creation of a Republican majority in the Senate have allowed to give a real visibility to the prospects of the American economy for the coming years. In Europe, to the contrary, when the worries about growth were becoming worse, Germany, after France, was entering into an uncertainness period after the breaking off of the coalition which is governing the country and the call for snap elections at the Bundestag. If nothing is done, the spread already observed ...

Continue reading