The question of the social model in France – Social VAT
The level of social spending is subject to only marginal reforms since the objective is to curb its progression rather than to reverse the trend, which is probably not sustainable…
Philippe Waechter's blog
The question of the social model in France
The continued deterioration of public finances raises the question of financing the social model. As a reminder, social spending represented 1% of GDP in 1938, 15% in 1960, 25% in…
The nagging problem of public finances in France
The IMF is skeptical about the French ability to control their public finances. According to April projections, the public deficit would remain close to 6% of GDP until 2030. This…
Carbon footprint: 8 Tons is a lot or not?
In France, the average carbon footprint is around 8 tons (8.2T) per year per person.This was the result of a survey conducted by CITEPA and the Association pour la transition Bas Carbone…
The Euro Area creates more jobs than in the US. Is it efficient ? What about France and its specific labor market ?
Employment is growing in the Eurozone and activity is growing rapidly despite the crisis in Ukraine. However, the room for manœuvre in the management of the economy is limited. Very…
In January, the business situation is robust in the Eurozone
The Markit index for the entire economy of the Euro zone dipped in January 2022. It stood at 52.4, losing almost one point compared to December. Economic activity continues to…
Activity is running out of steam in Europe, the 5th wave is the explanation
The uncertainty linked to the new variant of the Covid weighs on economic activity in December.All the survey indicators for the month are deteriorating. This is particularly the case for…
From Yesterday to Today – November 3 – France, its Public Deficit and the fragility of the Euro Area
The IMF suggests that France should revive its economy but also should plan a strategy to rebalance its public finances as soon as activity picks up. Its fear is a…