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EDITORIAL. The worrying rise in borrowing rates has brought public debt and deficits back into the spotlight. Economic reality is back.
© THIBAUT DURAND / Hans Lucas / Hans Lucas via AFP
By Pierre Antoine Delhommais
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Lhe legislative campaign has just provided new proof of the complete denial of the economic realities in which our political leaders live, all tendencies taken together, who have not even seen fit to address the burning question of the rise in interest rates. interest.
The US Federal Reserve has just raised its key rates by 0.75 points, a move on an unprecedented scale since 1994, while the European Central Bank has announced that it will raise its rates in July, a first since 2011, and again in September. For its part, the rate of the assimilable ten-year Treasury bond at which the French State finances itself rose from 0% at the beginning of January to 2.2%.
Tens of trillions of dollars gone up in smoke
Western economies…
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