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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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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In China, the taste for metaphors is widespread. The calendar is no exception. According to the signs of the zodiac, the year that will begin will be that of the horse succeeding that of the serpent. Will the pace of growth be similar to a canter or a trot? The generally unfavourable assessment of the Chinese economy in the West makes a diagnosis and forecasts more difficult. But the country's influence on the global economy makes it essential to better understand its strengths and weaknesses.

In 2025, in an unfavorable international environment, the 5% growth target was achieved according ...

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