(stagnation + inflation) when inflation is high, the economic growth rate slows, and unemployment remains steadily high
(The Glorious Thirty) the thirty years from 1945 to 1975 in France, during which the economy grew rapidly
Referred to in France as the Trente Glorieuses, the 'thirty glorious' years from 1945 to 1975
in a footnote
Referred to in France as the Trente Glorieuses, the 'thirty glorious' years from 1945 to 1975
in a footnote
conventionally dated from the end of the Franco-Prussian War in 1871 to the outbreak of World War I in 1914; characterized by optimism, regional peace, economic prosperity, apex of colonial empires and technological, scientific and cultural innovations
You would have to go back to the Belle Époque (1900-1910) to find French wealth holders so prosperous
You would have to go back to the Belle Époque (1900-1910) to find French wealth holders so prosperous
a term coined by Thomas Piketty; a system where the economic elite mostly attain their fortunes through inheritance rather than entrepreneurship or innovation
In the long run, patrimonial capitalism is the only kind that can exist.
In the long run, patrimonial capitalism is the only kind that can exist.
treay for creating the EU; signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands
the Maastricht Treaty, creating the European Union, was ratified in France in September 1992
the Maastricht Treaty, creating the European Union, was ratified in France in September 1992
(European bonds) proposed government bonds issued in Euros and backed jointly by all eurozone nations, which would allow already highly indebted states access to cheaper credit
the only lasting solution is to mutualize our debt, to create a common debt (i.e., 'eurobonds')
the only lasting solution is to mutualize our debt, to create a common debt (i.e., 'eurobonds')