The economic policy lead in France by the government is going in the right direction and results are testifying of it. It would not be appropriate to change the cape. At the latest, it is necessary to proceed to institutional reforms and to some adjustments of that policy to take into account the social disease which is expressed through the “yellow shirts” movement. Such is, in substance, the message delivered last week by the president of the Republic. It is based on the last statistical publications about growth, public deficits, foreign trade and employment. In despite of that, we don ...

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On April 18^th, the market interest rate for the French debt with a ten year maturity was 0.30%. Since the beginning of the month, it has fluctuated between 0.24% and 0.34% when the yearly inflation rate was above 1%. This exceptionally low level is the consequence, in presence of the slowing of European conjuncture and especially in Germany, of the European Central Bank decision to keep negative short-term interest rates at least until the end of the year and of the favorable appreciation by investors of the France solvability. The spread with the German bond for ...

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The French economy is doing a little better for two years. It was not very difficult after the near stagnation it has known between 2012 and 2016. But this improvement is not enough to cope with the several disequilibrium which affect it. Unemployment stays at a high level and growth prospects are not strong enough to siognificantly reduce it. High trade deficit is an exception in the eurozone where Germany, Nederland and Italy are accumulating surplus. This situation affects France image and so its influence in Europe. At last, the coming back under 3% of the public finance deficit these ...

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