2018 has surprised. The 2017 year had come to the end in good conditions. It was “planets alignment” with a very low oil price, interest rates near zero and a favorable global environment. French growth reached its highest level for a long time: during 2017 2^nd half, it had been near 3%, on annualized rate. That did not last. International tensions increased all along the year with the promise of a trade war between China and the U.S., an unprecedented hostility of the American president toward Europe and a brutal rebound of oil prices. Inflation was making a ...

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The measures Emmanuel Macron has announced to try to answer to the deep discontent in France which is expressed through the « gilets jaunes » movement carry, all of them, the same logic: to rise employees purchasing power whose pay is inferior to the average. These increases or bonus are partly financed by the State because they are not subject to taxation or they result from an increase of current bonus exempted of social charges. A small share will remain to be supported by employers. The objective is to reduce the tensions through a diminution of inequalities but the main consequence will ...

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The crisis France is going through has deep roots. The disorders which are going along it and which are heavily hurting its image in the world are without precedent for almost a century. The support this movement receives in the public opinion, despite the unacceptable violence it generates shows the dimension of the country discontent. Political leaders public declarations, set aside the support to the forces of law and order, show their disarray. The few reactions to the first measures decided by the government confirm that only major changes must be proposed this one wants to put an end to ...

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