« EIn short, the alternative is a miracle or bankruptcy. : thus General de Gaulle summarizes, in his Memoirs, the dilemma of France in 1958. In addition to being bogged down in the Algerian war – that the IVe Republic was too weak to win or to stop, by negotiating peace – it combined multiple rigidities slowing down activity, high inflation, public deficits, over-indebtedness and an endemic external accounts crisis.
In less than three years, thanks to the Pinay-Rueff plan, announced on December 28, 1958, the foundations of the most beautiful decade of growth in the economic history of our country were laid: powerful investment effort, liberalization backed by opening of the common market, full employment, devaluation and creation of the new franc, recovery of public finances and repayment of the external debt.
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In 2024, France has once again become the sick man of Europe. Through his arrogance and irresponsibility, Emmanuel Macron exploded the model of credit degrowth and the institutions of the Ve Republic. Before him, France was taking on water. With him, it flows steeply.
26e rank for wealth per capita
Economic shipwreck. The French economy is now relegated to 7e world rank. Potential growth is zero due to demographic stagnation […] Read more
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