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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Record France trade deficit in January has reinitiated the debate about the competitiveness of enterprises and remedies to adopt. This situation is rather paradoxical because the economic policy followed since 2013 has targeted, through tax cuts and social charges reductions, the improvement of their competitiveness. It is what was called the supply-side policy, in opposition to policies which stimulate demand through increase of purchasing power or public expenditures rise.

In January, exports fell by 9.2%, reaching only 37.2 billion euro when imports rose by 2.7%, reaching the unprecedented level of 45.2 billion. The deficit, equal to ...

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The crisis which is affecting the French left is less the result of a clash between personal ambitions than of its incapacity to define a vision for the France future and to elaborate proposals capable to conciliate the demand for social progress which is its raison d’être with the new world the country must integrate.

A vision is created from a thought. That one is the fruit of a reflection which is improved by meetings with people from diverse origins all along a life. That was François Mitterrand legacy, which gives him today the stature of a statesman ...

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