Philippe Oddo, head of the Oddo BHF group: "Let's develop a European identity with Germany"

LE FIGARO.

- How are companies doing in this fall?

Philippe ODDO.

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Businesses are doing well.

Their results are generally better than expected and their order books are well filled.

The phenomenon is even surprising in its magnitude.

But the concerns of business leaders have changed compared to two years ago.

Problems of shortages of certain materials and rising costs of transport and raw materials are omnipresent.

Companies are also facing difficulties in recruiting, all over the world, because the relationship to work could have changed during the crisis.

Should we worry about the return of inflation?

The rise in prices is linked to an accordion phenomenon with initially a virtual shutdown of the world economy, at the origin of the current supply chain difficulties, followed by a very strong recovery.

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Olaf Scholz, German Minister of Finance: "The worst case scenario is totally improbable"

It remains to be seen whether wages will follow?

The monetary policies of

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