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 ...

Continue reading

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 ...

Continue reading

The French president will travel to China in the coming days before going to Japan and South Korea. He will not make the same mistake than some of his predecessors. The first State visit in Asia of a foreign political leader must be in the Chinese capital if he wants to create a climate based on mutual respect. The condition is necessary but not sufficient. He must also be well informed about major orientations of those who are going to talk with him and he must show it. If he doesn’t, he would be considered as an ignorant or ...

Continue reading