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...
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