The priority given to environment in the public action is not disputable, even if individual behaviors as enterprises operating modes are also essential. But the difficulty rests in the frequent contradictions between political exigences and the technical realities. It then occurs that to answer politician considerations, the States take decisions in the name of the protection of the environment which lead to results contrary to the expected results due to an ignorance, unvoluntary or not, of the consequences of their action. That situation is not limited to France and we have observed similar cases in Germany and even in the ...

Continue reading

The French growth last publications do not let us forecast a rebound enough for the government objectives regarding employment and the public finances recovery are met next year. During 2023 3^rd quarter, INSEE has revised downward the GDP evolution to -0.1% compared to its first estimation of +0.1%. The acquired growth for 2024 would only be 0.6%. Banque de France has also revised downward its forecast for 2024 to 0.8% against 0.9% in its previous publication. This figure is very inferior to the growth rate inscribed in the Finance bill for 2024, i.e ...

Continue reading

The invasion of Ukraine by Russia has disrupted the oil and natural gas supply in many countries and have made wake up of the necessity to grant security to the power production. The prices increases which have resulted from that have forced the States to adopt measures which were costly for their public finances to protect consumers and to permit the survival of enterprises, confronted with production and operating costs increases which they couldn’t pass on to their clients; The choice, consisting in betting on renewables to take over from fossil energies revealed itself wrong, Germany brought the proof ...

Continue reading