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Unsurprisingly, there was no Christmas miracle for the French public debt. Indeed, as we have been announcing for months, the latter reached a new historic high of 3,303 billion euros in the third quarter of 2024. Its share in GDP increases from 112.2% in the second quarter of 2024 to now 113.7%. Since the beginning of 2020, our public debt has exploded by 915.1 billion euros, an increase of 38.2%, i.e. as much as in the previous ten years! And all that for what? For an increase in GDP of 469.3 billion euros including inflation! Yes, you are not dreaming: to obtain an increase in GDP in value of 469.3 billion euros, the French State in the broad sense increased its debt by 915.1 billion euros! So there is a shortfall of 445.8 billion euros! In this sad context, many questions arise: How much can this public debt increase? What are the consequences for the State? For French companies? For citizens? How is France positioned vis-à-vis its European and global partners? What are the prospects for interest rate developments? What is the share of the central State, local authorities and social administrations in this public debt? Is the French State already in a situation of bankruptcy? Are the savings of the French in danger? Can the ECB still save France and the Eurozone? Will France's rating be further downgraded in the coming months? If so, what will the consequences be? Who will pay the French public debt? Is it still possible to reduce it in the medium term? Will the recession worsen in France in 2025? Question of the week: will the euro/dollar fall further? What is the good news of the week? Answers to all these questions and many more in this video, with clear, educational graphs and tables, made without any trickery. Have a great holiday season and don't forget: Carpe Diem!