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Adjunct professor at HEC 
Recent posts
Indeed. 🇫🇷 will face a wall of debt much bigger than its peers. That was already the case before Covid. Will be worse post-Covid. In 2019, public and private debt combined was circa 250% of GDP in 🇬🇧, 🇪🇸, 🇺🇸 or 🇮🇪. France was at 317% and Germany at 175% (BIS data) https://twitter.com/curegian/status/1270477849061924864
@COdendahl As @ericlchaney likes to point out, 🇩🇪 and 🇫🇷 in 2008 had similar debt levels yet 10 years later, they are 40pp of GDP apart, so 🇩🇪 has fiscal space for massive stimulus while 🇫🇷 doesn’t. 🇩🇪 fiscal policy, while not perfect, has been most prudent among advanced economies.
