The vague agreement between North Korea and the United States about the denuclearization of the Korean peninsula, instead of North Korea alone as it was initially requested by Washington, must not make us to forget the psychodrama we attended at the G7. Political leaders must now question themselves about the future of this kind of event. Created in 1975 by a French initiative, these meetings had as a purpose to allow major Western powers and Japan to exchange on economic issues and to find common positions on major trade and financial challenges. It never emerged decisive decisions and that has ...

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Donald Trump has announced last week he will sign a decree creating a 25% tax on steel imports and a 10% one on aluminum imports. He hopes, in doing so, that the American production will rebound in these two sectors which he believes they are strategic, regarding the sovereignty of the country. This has triggered several passionate declarations from European leaders and some more cautious ones from China. They threat to replicate with retaliatory measures. According to his habits, the American president has passed a new step in the verbal escalation in mentioning the prospect of a trade war he ...

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For more than forty years, developed countries economies went through a kind of permanent crisis, with some rare periods of remission, the last one having just finished with the brutal bumps which have affected financial markets at the beginning of February. Nothing more was needed by financial institutions and economists which have been silent just before the subprime crisis, to send alarmist messages. Worries had been generated by an interpretation, which will be proved wrong, of the intentions of a central bank after the publication of an economic indicator. That case shows the new position these institutions have taken. Their ...

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