Comments by the French President definitely don’t correspond to the feeling of French people, according to poll opinions. Skepticism after his TV interview and growing discontent are reflected by very unfavorable vote intentions for the left, in the prospect of the 2017 election. Definitely, poll opinions are frequently wrong a year before the term but the magnitude of the rejection is, this time, without precedent.

So, how France is doing? Last week results show that the quasi stagnation we endure since 2012 has been replaced by a shy rebound. And it is not strong enough to produce a significant ...

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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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