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…
Philippe Waechter's blog
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…
Is the US recession already here?
The Federal Reserve is meeting today and tomorrow to decide on the direction of its monetary policy. The outlook for the US economy is ambiguous. The Atlanta Fed estimates that…
The paths diverge
“In everything we do, we put America first.” The publication of the Strategic Security Review (SSR) by Washington has highlighted the White House’s priorities. In his preface, Donald Trump argues…
FDI in the South, The Great Rebalancing
The IMF’s number two official, Dan Katz, made headlines in April 2024 with a scathing speech about institutions like the IMF and the World Bank, which he claimed should be…
Europe, A future that needs to take shape quickly!
Should Europe continue to determine its own rules or should it accept the rules of a system made elsewhere? This is the question recently posed by European Commissioner Teresa Ribera.…
The business cycle, does it still exist?
The business cycle is a generic term illustrating the fluctuations of an economy. Several interpretations. The simplest method is to represent the rises and falls in activity. These phenomena can…