The main reason put forward by the rating agency Fitch when it reduced France's rating from AA- to A+, was the country's political instability at a time when it was facing a deterioration in its public finances. The very alarmist speeches of the previous government, probably made to get unpopular measures accepted, could not leave the agency indifferent. But the A+ rating remains a good level and the financial markets have understood this since the CAC 40 ended up 0.9% today and the Agence France-Trésor issued nearly 8 billion euros of Treasury Bills (BTF) without difficulty ...

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At a time when divisions are being displayed in Europe and the United States, meetings are multiplying without any real results, in Tianjin and Beijing, the leaders of Russia and the main Asian countries are giving a completely different image of the world. The meeting of the states belonging to the Shanghai Cooperation Organization, including China, Russia, India, Pakistan and Iran, was an opportunity to deliver messages of peace and fruitful collaboration between the members in complete contradiction with the prevailing climate among Western countries, largely due to the aggressive economic measures announced and sometimes implemented by Washington.

These meetings ...

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The Prime Minister based his strategy on clarifying France's economic situation. He is seeking, through a vote of confidence in the National Assembly, the approval of his analysis before formalizing and adopting in the framework of the next budget the measures he intends to take to remedy the country's difficulties, first and foremost its excessive debt. So far, this method has not garnered sufficient support from political organizations and it is highly likely that it will be denied confidence. France will enter a new period of political instability.

The situation of public finances is a major issue but ...

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