The publications of indicators showing an improvement of French public accounts and  a stabilization of its debt, has been immediately followed by alarming comments on its still excessive level and on the risks it weighs on the country.

First, this rhetoric has no influence on international investors. Since the beginning of the year, The Treasury has issued short term paper carrying negative interest rates, close to –0.5% recently. So, subscribers have agreed to pay an interest to the State to acquire its securities. Switzerland, Japan and Germany are in the same situation. The result is also favorable when France ...

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Rarely an Act will have been the theater, even before being formalized, of so many theoretical controversies and passionate reactions. Two groups of economists have confronted their point of view in the press, each one putting on the front line the prestige of one of their contributors, a Nobel Prize, Jean Tirole, who supports the government project, and the author of a best-seller, Thomas Piketty, who is hostile to it.

For the first group, employee protections are considered as excessive. They are counterproductive and directly at the origin of unemployment. Modernity is not anymore going along with social progress. For ...

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The first quarter of 2016 is finishing in a much better situation than it has started. Invalidating, once more, analysis and forecasts of most of economists, the world has not been hurt by the failure of a major country, having consequences outside of its borders. There were no recessions among large developed economies and growth went on, only at a slower rhythm than it would be necessary to reduce disequilibrium caused by the 2007-2008 crisis, unemployment for some of them, excessive indebtedness for the others.

Chinese economy is following its path. Shanghai Stock Exchange is regaining, day after day, the ...

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