After the failure of the conclave
There will ultimately be no agreement on pensions. The conclave convened by Prime Minister François Bayrou to improve the reforms implemented by the Borne government has failed. Employers’ and employees’…
Philippe Waechter's blog
A moratorium in the wrong direction
The French National Assembly’s vote on the amendment relating to the moratorium on wind and solar power comes at a time when the government was due to clarify its climate…
Should we tax wealth?
Is the Zucman tax on taxpayers with assets of more than €100 million justified? This is the question currently being debated in the French Senate. 8 points plus 1 1-…
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…
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…