The interest rate on 10-years bonds issued by France came, at the end of February, very slightly in positive territory (+0.03%) when it was fluctuating for several months between -0.30 and 0.20%. It fell back to -0.06% at the beginning of March but it was not needed more to re-launch worries about the too high level of the French public debt and about the risks that a rate increase provoked by a comeback of inflation would weight on the debt charge in the future. The trial made to public authorities by these who condemn a policy ...

Continue reading

As if the major economic crisis generated by the corona virus pandemic was not enough, France is also confronted with the major disruptions of its industrial equipment. To cope with what is appearing as a decline, it is risen the necessity of a re-industrialization and of re-localizations. The State is called to help to reverse the trend but it has not, it is the least which can be said, skimped on the means for ten years to try to remedy to it through tax cuts and reductions of social charges. The degradation observed today is revealing the failure of these ...

Continue reading

The sanitary crisis bill is not ceasing to get heavier. Growth numbers related to the 2020 4^th quarter which will be published next week would register a less important rebound than previously expected. The prospect of new constraining measures until vaccination has put an end to the pandemic would still weight on growth in 2021. To cope with that situation, the French State has initiated a double action. It has instituted measures intended to enterprises whose activity has been hurt: guaranteed loans, taking into charge of employees part-time unemployment benefits. It has also launched a rebound plan to support ...

Continue reading