The world has more changed during the last 25 years than during the half-century which preceded it. An extraordinary innovations wave whose success nobody forecast occurred from information circulation through domestic tools belonging to the daily life until shale oil and gas discoveries which postponed by several centuries worries about possible shortages. There was also the upheaval of the geopolitical context with the end of the Cold War symbolized by the fall of the Berlin Wall, the strengthening of the European project and the Chinese economy take-off. The States did not have any other choices, to cope with these challenges ...

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The level of public debt and its costs for the State budget have been used in France as a scarecrow by politicians for about ten years. These threats were held up when tax increases or expenditures reductions had to be voted. Everything has changed these last days. As a miracle, Bercy has admitted that the cost of the debt was going to fall. It will allow financing the new expenditures or the receipts reductions generated by the measures announced by the President of the Republic in December right in the middle of the “gilets jaunes” crisis. They had been evaluated ...

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China is still the object of critical analysis and pessimistic forecasts. The country is used as an excuse, if not an alibi, about the slowing of the world growth. But its last results are not confirming these negative judgments. If 2018 growth rate has been very slightly weaker than during 2017, it is still inside, with 6.6%, the objective determined by the government, i.e. between 6.5 and 7%. It is possible to say that it is the weakest number for a long period but that doesn’t make sense. The size of the Chinese economy is two ...

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