INSEE has just published its first estimate of the growth figures of the French economy in the 1st quarter of 2026, i.e. 0%. Comments about this stagnation do not seem to have understood the nature of the problem. Just because we went from +0.2% in the 4th quarter of 2025 to 0% does not mean that there is a new fact. The imprecision of the numbers after the decimal point should be taken into account. Secondly, a comparison is made between the crisis in the Middle East and the results of the 1st quarter. In reality, this very ...

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The announcement by the rating agency Moody's that France AA will be maintained with a negative outlook is a refutation of the catastrophist discourse widely spread in the political world and in the media. AA is one of the best ratings in the euro area, but the negative outlook is justified by the lack of clarification on the 2026 and 2027 budgets, with the risk of a return to the same political instability that followed the dissolution of the National Assembly in 2024. It is this instability and not the situation of public finances that was at the origin ...

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The fact that the President of the United States did not consult or at least inform European leaders of the launch of military operations in Iran did not surprise anyone. However, the continent, which imports almost all of its fossil fuels, will be one of the regions of the planet that will bear the heaviest economic consequences. This situation is to be compared to the White House's taking charge of discussions with Moscow with a view to finding a way out of the war in Ukraine and where Europe, although directly concerned, is kept on the sidelines. This can ...

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