It is not because Marine Le Pen, in her campaign, proclaims that the State must regains its role in the economy that the issue must be a taboo. It would be a height in Colbert country where, just after the war, massive nationalizations have been decided to bring about the economy in giving to it modern public services, in the continuation of what happened in 1936 or where the same thing was decided in 1982 to make possible the restructuration and the modernization of several industrial companies which were near bankruptcy. France shouldn’t have any hang-up in that matter ...

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Donald Trump last failure about the abrogation of Obamacare promises some others. It is highly likely that the protectionist measures he is thinking about and which were the significant times of his electoral campaign will never be adopted. The transformation of the American tax system, except if VAT is adopted, to penalize imports and reduce enterprises charges, will not happen, as other than symbolic measures against Mexico. The reason is simple: United States has more to lose than to win in going in that direction. Imports taxation would penalize American consumers. Retaliatory measures adopted by the countries which are targeted ...

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Interest rate on French 10-years bonds reached 1.17% last Friday, its highest level for three years apart from a short period during 2015 spring. The expectation of Federal Reserve decisions, which rose that week its short-term rates by 0.25% and the political uncertainties in France, just before presidential elections, have provoked for three months a slow increase of  borrowing costs, slightly more important than in Germany, which is the reference on these issues. The spread between our two countries, which is usually 30 basis points rose to near to 70 basis points. That trend has provoked a wave ...

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