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…
Philippe Waechter's blog
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…
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…