With almost zero growth and massive and sharply increasing public debt, the French economy is facing challenges to which it is urgent to provide appropriate responses. But political instability and the lack of a parliamentary majority following the dissolution of the National Assembly a year ago have prevented the government from dealing with this unprecedented situation. However, and this is not the least of the paradoxes, the French have never been so rich, even if this wealth is very unevenly distributed, and large companies so profitable.

At the end of 2023, households' financial assets exceeded €6,000 billion, the latest ...

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The importance of issues relating to public deficits and France's debt in the debate is excessive and has the consequence of diverting the attention of both the media and political leaders from the real issues facing the country. Dramatization is a well-known method of pushing through if not accepting unpopular measures. It reaches its climax today when the possibility of the IMF being placed under supervision or even defaults is raised. The fault lies with the French who do not work enough and who take excessive advantage of an overly generous social protection system.

International comparisons are then used ...

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At a time when the debate on public debt in France is becoming increasingly tense, the situation in the United States does not seem to attract much attention. However, the results are not very bright and the threats to the world economy are therefore real.  The federal debt in 2024, to which we would have to add the debt of the federated states, if we want to make comparisons, reached 98% of GDP in 2024 and the forecasts for 2035, with no change in policy, 125%. The federal deficit in 2024 amounted to 6.4% of GDP and could reach ...

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