The sanitary crisis bill is not ceasing to get heavier. Growth numbers related to the 2020 4^th quarter which will be published next week would register a less important rebound than previously expected. The prospect of new constraining measures until vaccination has put an end to the pandemic would still weight on growth in 2021. To cope with that situation, the French State has initiated a double action. It has instituted measures intended to enterprises whose activity has been hurt: guaranteed loans, taking into charge of employees part-time unemployment benefits. It has also launched a rebound plan to support ...

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When you want to bury a file or when you want people to believe you are working to solve a problem you create a committee, it is a real French tradition. It is precisely what the government has just done about public indebtedness. Its composition is revealing: it will bring together former ministers who have contributed to increase it when they were in the government and economists who have not stopped to denounce the phenomenon and to make alarmist forecasts which revealed themselves wrong both about the cost of the debt, of the solvability of economic agents or the ability ...

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The ruling by Karlsruhe Constitutional Court warning the European Central Bank to justify its decisions couldn’t come at a worst time. It risks adding to the unprecedented economic crisis generated by the corona virus outbreak and to the latent trade war between China and the U.S. the third risk of a financial crisis in Europe. Neither Europe nor the world needed such an initiative. Atop of the worries it is arousing, the fact that this highest Court is fighting in the same time against the ECB, the European Court of Justice and the European Union itself leads to ...

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