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Jacques-Olivier Martin: "On the usefulness of economic shock therapies"

2020-03-30T06:30:25.248Z


CASE COMMENT - The global economy has learned from its recent crises.


"It is when the sea recedes that you see those who bathe naked," said Warren Buffet, the most famous nonagenarian of world capitalism. It is therefore when the State launches the emergency measures granted to companies that we will discover which are the most threatened. The damage will be deep, no one disputes it, especially not our Minister of the Economy who claims that this crisis exceeds by its intensity the Great Depression of the last century.

The business world is shaking like never before, but at the same time it is careful not to criticize the decisions taken urgently by the States. Nobody says: too little, too late. Little or no convictions, with the disarming exception of Philippe Martinez, the boss of the CGT…

This fairly general agreement contrasts with the criticisms of the management of the health crisis. Lack of masks, tests, resuscitation beds ... in France, voices are increasing every day to denounce deficiencies. "There is no point in saying that

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Source: lefigaro

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