Friday, March 4, 2011

Is France really in debt?

French version

To determine whether or not France is in debt, and at what level, we shouldn't look at the report "Government debt / GDP" that - this report is a chimera, see "A misleading indicator"- but the debt of France all actors together, then adding the debt of businesses, households and the government towards actors outside our borders.

Banque de France publishes an annual "current account" which describes the exchange of goods, services, income and current transfers with the outside. The balance of this account is that France borrowed (or lend) each year. His examination will show us that France is not in debt, at least for now ...