"- Were you there in 2008?
-Yes
-And ...?
-It's much worse "
This conversation, heard a few days ago in the corridors of the Ministry of the Economy, shows the extent of a crisis that we now know to be historic, both in terms of health and economics.
Everyone is looking for benchmarks, references. The memory of 2008 and its consequences, lasting and profound, is obvious to all. "2020 is 2008 squared," says the excellent François Lenglet. The Minister of the Economy Bruno Le Maire compares him the shock to the crisis of 1929. These precedents are useful to think the answers, but in reality we are in unknown territory. This is what I wrote in my last column. The time to publish it, and one of the figures I noted there was already obsolete: in the space of 24 hours and a decision of the Indian government, it was no longer 1 billion but 2.5 billion humans who were confined!
The Ministry of Economy and Finance Philippe LEJEANVRE / LP2Studio - stock.adobe.com
The numbers continue to gallop. At the last score, 220,000
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