The publication of the last figures has given the opportunity for making reassuring comments. Unemployment rate as the jobseekers number at the end of October came back to the level observed at the eve of the economic crisis provoked by the Cocid-19 pandemic. These results constitute without any doubt good news because the worst was expected and forecast carrying hundreds of thousands of bankruptcies and job losses had been put forward. Adopted and put into practice policies to cope with the economic crisis have been efficient. The providing of State-guaranteed financing has allowed enterprises which had been weakened to surviving ...

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During the Seventies, we were convinced that prices control was necessary to cope with inflation. It is, to the contrary, their freeing which allowed France to getting rid of that structural weakness. On the same, it was believed during a long time that the consumption rebound was generating a trade deficit as in 1982. We know today that it is wrong and it was the consequences of the huge increase of the dollar on the oil bill which were at the origin, during that period, of the French trade balance degradation. The recent history is not getting itself always from ...

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The very strong passed and announced price increases of the fossil energies and of power remind us a time we thought it was bygone, with the oil prices shocks of the Seventies. The Middle-East and African countries oil producers did gather in 1960 to create OPEC in order to counterbalance oil majors full power. In 1973 the organization decided to limit its production and ordered an embargo against the United States and the Low Countries as the consequence of the Kippur war. The barrel price jumped from 3 to 12 dollars. A new disequilibrium occurred on the market four years ...

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