COP28 – What would make it a success?
The year 2023 will likely be the hottest year on record while fossil fuel consumption is at its highest. Under these conditions, what can we hope for to make COP28 a success? The planned…
Philippe Waechter's blog
The necessary German revival
Is the German model still the reference towards which Europeans wanted to move in the recent past? Not sure It rested on several pillars1– The Mittelstand at the heart of…
Positive real interest rate: a new world opens
New regime change on the debt market, inflation and long-term interest rates are now on an equal footing. A little over two years ago, investors had to successively face a…
From COP27 to COP28 (Part 1)
At COP 27 last year in Sharm el-Sheikh, the highlight was the establishment of a so-called “Loss and Damage” fund to help the most vulnerable countries.Its objective was to transfer resources to these…
Boats, sulfur and global warming
COP 28 will open on November 30 and the climate change issue will quickly return to the headlines.Among the themes, that of the peak consumption of fossil fuels and that of the planned end of these…
What impact the extension of the Middle East conflict could have on France?
In the event of conflict in the Middle East, the economic measure of the shock is the oil price profile. On many occasions, the outbreak of conflict results in a drop in production and a significant increase…
Inflation, Savings and the Economy
In the Eurozone, higher inflation has caused income sharing in favor of savings. Since the start of the pandemic and throughout the period of high inflation, the savings rate has been higher…
100 Years ago, German Hyperinflation
This morning while looking at an app on my phone, it says that in 1923, a century ago, a loaf of bread in Germany sold for 140 billion marks. This episode of hyperinflation is the…