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…
Philippe Waechter's blog
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…
The necessary German revival
Is the German model still the reference towards which Europeans wanted to move in the recent past? Not sure It rested on several pillars1– The Mittelstand at the heart of…