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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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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Usually, when we talk about deficit regarding the French economy, it is first the State budget one. We even were satisfied with its light reduction in 2022 compared to the initial forecasts. It has been revised downward and has so reached 147 billion when was expected at the end of last year a deficit near 170 billion. To the opposite the increase at an unprecedent level of the trade deficit, which is a much more revealing and worrying indicator of the weaknesses of the French economy, has given place to few comments. At the end of February, for the last ...

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