The world is sick, since its temperature does not drop
The global temperature in 2025 was as exceptional as in 2023 and 2024. The average temperature of these three years, at 1.52°C, is higher than the Paris Agreement commitment of…
Philippe Waechter's blog
A new world is emerging, Part II, No Turning Back
The break is not yet complete, but a return to the past seems illusory. The reasons that caused the global economic model to shift have not disappeared. Industrial policy remains…
A new world is emerging – Part I
The world took on a Kantian dimension, particularly after the fall of the Berlin Wall. Such a framework validated the primacy of law, economic interdependence, the negotiated and peaceful settlement…
European competitiveness: emergency call
The dynamics of the world can be understood through the balance of power. This is the tragic dimension of history I mentioned yesterday. Within this framework, one can find many…
The economy is also tragic, anything is possible
Everyone has been making predictions for 2026. Drawing comparisons, sketching patterns, developing logical and rational arguments… For a long time, especially after the fall of the Berlin Wall in November…
France – Public Debt Starts Rising Again
The French National Institute of Statistics and Economic Studies (INSEE) has published the public debt figure for the third quarter of 2025. The public debt-to-GDP ratio stood at 117.4%. The…
StableCoin – A brief introduction
The world is changing very quickly, and the old rules no longer apply. International trade is being disrupted, and political balances are being challenged as alliances shift rapidly. Technology is…
Was France naive with regard to China?
President Macron made his fourth trip to China to keep France on the radar of the Middle Kingdom. To get back on the path to sustained growth, France must become…