It is not only in politics that the wrong ideas are prospering, in economy too and they have a hard life. Forty years ago, the 3^rd Mauroy government, after its reshuffle, announced measures which will be qualified as a rigor plan or as the “rigor turnaround”, along with a third realignment inside the European Monetary System. It is then interpreted by the opposition of the right as the recognition of the failure of the economic policy followed since the election of François Mitterrand and still today by a part of the left as a treason and the submission ...

Continue reading

The publication of Stellantis financial results with a net profit of 16.8 billion euros must not lead to the conclusion that the car industry has rebounded, has surmounted the past difficulties and will not be confronted in the future with new crisis. Anyway, Renault is far from having accomplished the same achievement because its net profit, before deduction of the two billion euros loss resulting from its exit from Russia, has only reached 1.6 billion. The sector, everywhere in the world, has suffered two successive crisis. The lockdown has dissuaded household from going to buy a vehicle because ...

Continue reading

According to the last figures published February 17^th by Agence France Trésor, the rate of the French 10 years bond has overpassed the 3% level for the first time since the euro crisis. The accommodative policy of the European Central Bank chaired at that time by Mario Draghi to save the States-members currency had generated an interests rates fall concerning all maturities. Inflation went near 0% to the point that the Frankfort institution had adopted as its objective, not anymore to fight against inflation but to the contrary to make it rebounding to reach a level near but ...

Continue reading