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
Is France in crisis ?
Yes, the French economy is in crisis. Not because its activity is collapsing, nor because its inflation rate is too high. The French economy is in crisis because it lacks…
France needs a narrative
The vocal transcription is done via an AI The new French Prime Minister will be faced with the management of public finances. The question must be understood in three dimensions.…
Does the debt wall exist ?
The public debt wall is the feeling of excessive constraint limiting the government’s ability to carry out its policies. Too much debt would limit its capacity for action. Public debt…
François Bayrou and the wall of debt
The public debt wall is not yet a reality, nor is the call for the IMF to manage French public finances. The state is not unable to meet its commitments.…
From Today to Tomorrow – January 14 – The matter of public debt
Swiftly expanding public debt to support macroeconomic adjustment is entirely warranted to tackle the pandemic, and this process is facilitated by mammoth intervention from the central banks. Meanwhile, low interest…
From Today to Tomorrow – January 11 – Best wishes for a happy and healthy new year in 2021 – Forthcoming trends
I wish you all a very happy and healthy new year. May you and your loved ones start the year ahead in the best possible circumstances. This year is set…
From Yesterday to Today – October 15 – Public debt – A new problem
Public debt would be at its highest in 2021, higher than at the end of World War II. Growth will not make it possible to reduce the ratio of public…