Never-ending discussions between thousands of delegates of near two hundreds States and international organizations, a compromise text whose interpretation is confusing and vague commitments, so is the result of the COP 26. Yet, everything is not negative. This conference has shown a turnaround in the world public opinion and the skepticism about climate warming, about its causes and its consequences, has strongly retreated. No more major country, as during the Trump mandate, today dares to dispute the importance of the phenomenon and its challenges. But the track is long between the expressed intentions exposed by everyone, the conclusion of an ...

Continue reading

The importance granted to two major international meetings, the Roma G20 which has just been concluded with several agreements, and the COP 26 which will be held in Glasgow shows to which point, regarding economic and environmental issues, States action is recovering its essential character. It is a major turnaround compared to the last twenty years when the “liberal globalization” had essentially been based on the decisions taken by private actors, sometimes managed by the central banks whose independency against any public intervention was granted. The Keynesian receipts were sent back to the history sidelines and free competition between actors ...

Continue reading

We believed we had finished, at least in developed countries, with inflation which had been a major factor of disequilibrium, until the Nineties. To cope with it, monetary policies had been extended to an extreme, as in the United States in 1979. That had been, when the euro and the European Central Bank were created, the major concern of the founding countries like Germany which was still reminding the disasters of the Twenties, which were not without link with the Nazism ascension. It is why, in the ECB mandate, the first priority was to act to keep inflation in the ...

Continue reading