The Limited Times

Now you can see non-English news...

François Lenglet: "Debt explosion, rising interest rates, bank failure: towards a 2008 scenario?"

2023-05-31T17:21:43.999Z

Highlights: François Lenglet: The global context is reminiscent of that of 2008. The resolution of the coming crisis could be accompanied by a transformation of the world order. Standard & Poor's, the most influential rating agency, will deliver its verdict on French public finances on Friday. A further downgrading of the French rating would be one more sign of French financial fragility. With a sanction that does not fall, this would be a sign of the fragility of the global financial system.


GREAT INTERVIEW - While Standard & Poor's could downgrade the French rating once again, the economic journalist and essayist draws up an overview of the global economic situation and warns of the risk of a new financial crisis.


Explosion of government debt, rising interest rates, bank failure in the United States: beyond the French case, the global context is reminiscent of that of 2008, analyses François Lenglet. If, according to him, minds are better prepared than at the time, two additional difficulties arise.

On the one hand, the weakening of states and central banks after their policy of "whatever it takes". On the other hand, the geopolitical upheavals linked to the war in Ukraine and more broadly to the confrontation between America and China. The resolution of the coming crisis, he concludes, could be accompanied by a transformation of the world order.

THE FIGARO. - Standard & Poor's, the most influential rating agency, will deliver its verdict on Friday on French public finances. What would a further downgrading of the French rating mean?

François LENGLET. - This would be one more sign of French financial fragility. With a sanction that does not fall...

This article is for subscribers only. You still have 92% to discover.

Want to read more?

Unblock all items immediately.

TEST FOR 0,99€

Already a subscriber? Log

Source: lefigaro

All news articles on 2023-05-31

You may like

News/Politics 2023-05-09T05:46:22.783Z
News/Politics 2023-04-27T13:13:47.139Z

Trends 24h

News/Politics 2023-09-27T02:59:52.983Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.