Fitch notation agency has announced that the France would been downgraded to AA-. The two other agencies, Moody’s and Standard and Poor’s would inform of their decision before next summer but it would be surprising if none of these two doesn’t do the same. It is the third downgrading since France has lost its AAA in 2012, following the crisis of the euro. Reasons given by the agency refer, along with the public deficit and indebtedness, to the deterioration of the social climate which would make more difficult the adoption of the new measures, necessary to reduce ...

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Among the many tensions which are hurting the world, the evolution of the relations between China and the United States was the one which was offering both the highest economic risks and the threat of a war between two nuclear powers. The affirmation by the White House that Beijing constituted a strategic rival with an escalation of protectionist measures from the two sides and the major crisis regarding peace which could occur about the situation in Taiwan has betrayed a degradation which seemed to be irreversible of the relations between the two biggest economies in the world.

The declaration of ...

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France is going through a major social crisis resulting from the government will to reform the pension system. The promulgation of the law including the postponement until 64 years old of the legal retirement age is not going to put an end to the dissent. In the same time the Paris stock market is breaking records. The CAC 40 index has even registered at the end of last week the highest increase among the major financial markets with +16.2% since the beginning of the year against 7.8% for the SP500 in New York, 13.5% for the German ...

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