Every Saturday, two economists debate the topics that mark the economic and social news.
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Around Emmanuel Cugny: Christian Saint-Etienne, member of the Circle of economists, professor at the Chair of industrial economics at the CNAM, and Aurélie Found, member of the Scientific Council of the alter-globalist movement ATTAC.
New political situation in Germany, good news for France?
Germany is changing the political game. Social Democrat Olaf Scholz announced on Wednesday November 24 an agreement to lead the first post-Merkel government, with the Greens and the Liberals. An unprecedented coalition. Almost two months after the general elections marked by a historic debacle for the conservative camp of Chancellor Angela Merkel, Olaf Schulz is preparing to succeed him with a rather heterogeneous alliance. What consequences for the European economy and for the Franco-German couple?
How do economists regard Olaf Scholz, until now Federal Minister of Finance? What will be the real changes in terms of economic and social policy? Is it good for Europe in general and France in particular?
Is the US Central Bank taking back power against Joe Biden?
The information went virtually unnoticed this week, but it could have a strong influence on the world economy, let alone on Europe. US President Joe Biden has renewed Jerome Powell as head of the Central Bank (FED). This lawyer, a former multi-millionaire investment banker was promoted to the head of the very powerful Federal Reserve by Donald Trump. Joe Biden the Democrat therefore maintains Jerome Powell yet Republican. Biden talks about consensus, but the situation seems more complex.
Are we witnessing a shift in American economic policy? How to interpret the maintenance of Jerome Powell at the head of the FED?