The European dream is fading away
We have all dreamed of a Europe taking advantage of the current geopolitical turbulence to gain autonomy.We have read the Letta report, deciphered the Draghi report, and validated the choice…
Philippe Waechter's blog
The dollar at risk of chaos
The Financial Times noted that the dollar’s first half was the worst since the first six months of 1973. At that time, the greenback’s value, measured against the six largest…
A shadow committee against Powell?
The battle has resumed between Trump and Powell. Already in 2018, after appointing him to the Fed board, Donald Trump was very hostile to Jay Powell’s actions. In the current…
Is economic uncertainty consistent with robust financial markets?
Since the beginning of 2025, the economic landscape has changed. This change of direction primarily reflects the economic policy pursued by the White House in two dimensions: 1- the accentuation…
Europe in search of autonomy
Could we imagine, in Europe, that it would be easier to send an employee to work in another EU country than to send them to the United States or Taiwan?…
After the failure of the conclave
There will ultimately be no agreement on pensions. The conclave convened by Prime Minister François Bayrou to improve the reforms implemented by the Borne government has failed. Employers’ and employees’…
A moratorium in the wrong direction
The French National Assembly’s vote on the amendment relating to the moratorium on wind and solar power comes at a time when the government was due to clarify its climate…
What about the lender of last resort?
The conflict between Israel and Iran is not having the expected effects. While the price of oil has risen, it hasn’t gone beyond its level at the beginning of the…