Does the French genius express itself better outside the borders than on the national territory?
The French, business leaders or simple employees, are actually more efficient when they work abroad than when they work in France, where their dissatisfaction is notorious.
This is the lesson of our external accounts in 2022.
We covered our heads in ashes a fortnight ago when we announced the historic deficit of 164 billion euros last year in our international trade in goods.
An appalling figure which represents 6.3% of GDP (gross domestic product), much more than the imbalance in public finances.
But, fortunately, the economic and financial relations between the French territory and outside are not limited to the only exchanges of agricultural and industrial products.
Their spectrum is much broader.
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In this regard, the indicator that the financial markets look at is the “current account balance of payments”, established…
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