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Philippe Ledent

  • Monday 14/11/2022

    In this article, we look back at the origin of the inflation that led the main central banks to drastically increase their key rates this year. The article then illustrates the initial effects of these rate hikes on the economy and financial markets. Finally, it questions the need for central banks to continue these rate hikes, distinguishing between the situation in the United States and in the Eurozone.

  • Wednesday 1/7/2020

    This article first reviews the situation of public finances in the euro area member States, specifying the impact that the coronavirus crisis may have on them and reviewing the divergences between the public finances of the various countries. On this basis, the article looks at the solutions that will have to be found to the problem of public finances and the inevitable tensions that will arise in the management of the problem. Finally, the article argues that the European Central Bank (ECB) will be the epicenter of these tensions, caught between its mandate, the need to support the sustainability of the euro and diverging views on what it can or cannot do. As an epilogue, the article discusses some extreme solutions to the issue of public debt.