The British decision, approved by a referendum, to exit from the European Union, the Brexit, has become a reference as a mistake made by the people. It is beginning to pay the consequences. Growth has slowed, the currency has been devaluated by 13% and both internal and external deficits have jumped. It is just the start because if United Kingdom is still a member of the UE, at least until 2019. But negative anticipations will soon leave the place to negative decisions: companies will reduce investment and some will even leave the territory. In some few years from now, British ...

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The in principle provisional agreement between CDU-CSU and SPD to form a large coalition in order to govern Germany which has been settled before the last weekend is a first step. SPD, during a meeting which will occur January 21^st has still to approve it. Already, during the last days, conflicting voices expressed themselves inside the party. If, at the end, green light is given, a deeper negotiation which could last during some more weeks will occur and, maybe, permit to form a government and put an end to the longest political crisis Germany has known since the war ...

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To the opposite of what we frequently hear, the end of inflation is good news: it will not announce a long stagnation period but corresponds to the new situation of developed economies. It can lead to a long phase of prosperity if consequences have been identified and appropriated policies have been adopted.

Among the causes of inflation first appears, in theory, the supposed scarcity of raw materials and the difficulties to adjust supply and demand. Even if we don’t come back to the pessimistic assertions of the “Club de Rome” which, in the middle of the Seventies, maintained, without ...

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