France – Eight months under pressure from interest rates
The dreaded moment has arrived where political chaos catches up with the economy. At a time when interest rates are skyrocketing, France is being criticized for a budget it cannot…
Philippe Waechter's blog
France at a crossroads: Austerity chosen or austerity imposed
The 10-year interest rate spread between France and Germany now exceeds 140 basis points, and the French rate is approaching 5%. France is acting alone: it is entering a crisis…
When will we see a strict budget? 2028 at best
The budgetary episode in France is over for 2026, but the battle is not over because long-standing questions have not been answered. 1- Stabilizing the public debt-to-GDP ratio. A few…
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…
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.…