Jacques DELPLA
@JacquesDELPLA
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Lover of Europe and Liberty. Blue Bonds, Blue Europe, Blue. Economist leaning towards Haendel. Admirer of the European Lumières and of French Revolution
Europe
Joined October 2011
A country flirting with debt crisis tries, usually, to woo its domestic investors in sovereign debt, in order to avoid a debt run. Not in 🇫🇷 : 🇫🇷 National Assembly has just adopted a special additional tax on whealthy taxpayers’ holdings of French sovereign debt (OAT) . Mad!
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Eagles' song 'Hotel California' (1976) is inspired by Homer's Odysseus, chapter when Ulysses encounters Circe. Inspired too by Händel's opera ALCINA (1735) and by Ariosto's 'Orlando Furioso' (1516). Just crossed my mind today! Makes the song even greater
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🇫🇮 Finlande : pays froid, ravagé par la guerre, sans pétrole ni gaz, presque sans terres cultivables, isolé des grands marchés et sous la menace d'un voisin hostile. 🇦🇷Argentine : sols parmi les plus vastes et fertiles du monde, ressources minières et énergétiques colossales,
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Ni le soleil, ni les Retraites ne peuvent se regarder en face.
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Google leap frogs in Quantum computing. EU relishes in regulating AI. The gap btw EU and the USA is amazing. Read https://t.co/lRJkh0N1k3
ft.com
Big Tech group says algorithm simulates molecular interactions 13,000 times faster than ‘classical’ supercomputers
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Comment se couper une jambe? Le #luxe est le principal avantage comparatif de la France , avec ✈️. Le taxer à 33% est un signal clair que nous voulons le réduire. Touristes riches du Monde comprendront qu’il ne faut venir en France pour acheter du luxe!! Suicide éco et fiscal
La commission des finances adopte un amendement LFI visant à taxer les produits de luxe à hauteur de 33%. #Budget2026 #PLF2026 #DirectAN
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26 minutes of pure beauty & marvel (especially after 5'). Pink Floyd, David Gilmour and its electric guitar: "Comfortably Numb but the solo never ends".
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#LouvreND 🇫🇷 state subsidizes French pensions (on top of PAYG) by €145 bn per year, but we cannot protect ND & Louvre and other world-class museums and monuments. What a disaster!
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2) réforme 2023 était très mal conçue. Totalité de l’ajustement tombait sur les plus pauvres et sans diplôme. On ne réforme pas ainsi. No go. Non credible rules have no credibility !
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Beaucoup de voix sur X pilonnent Lecornu sur retraites. PM a eu raison de suspendre réforme retraite 2023. 1) le choix aujourd’hui était soit céder un peu au PS, soit dissoudre et voir le RN réformer les retraites vers 62 ans. Fustiger Lecornu = donner le clefs à RN pour tout…
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Fantastic! When the state does NOT pick the winner!
The deeper you go into the semiconductor supply chain, the less believable it becomes. > TSMC, a company on a small island, produces over 90% of the world’s most advanced chips > TSMC relies on dutch company ASML for EUV lithography machines > ASML depends on German Company
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Very good idea from OJB
A potential “compromis” on SS reform (not a “compromission” (the word does not seem to exist in English. “Compromise” is used for both. Interesting…)): Suspension of the ss reform for 6 months. During that time, conclave 2.0 (what lessons about composition, process, should we
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Meloni’s Fratelli d’Italia is 15 points % below Le Pen’s RN!
Italy, Ipsos poll: Tuscany regional parliament election PD (S&D): 31% FdI (ECR): 25% GP-CR (RE|S&D): 8% AVS (LEFT|Greens/EFA): 8% M5S (LEFT): 8% FI (EPP): 7% LEGA (PfE): 6% TR (LEFT|S&D): 4% NM-CpT (EPP): 2% TP (*): 2% Fieldwork: 23-25 September 2025 Sample size: 800 ➤
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Total Far right in 🇫🇷 = 40.5%. Likely Left = 22%. Possible center right = 26% Conclusion is easy for the color of the French Gov in 2027.
France, Ifop poll: RN and allies-PfE: 36% (+3) PCF/LÉ/PS/PP-LEFT|G/EFA|S&D: 19% Ensemble-RE: 13% (-1) LR-EPP: 11% (-1) LFI-LEFT: 8% (-1) REC-ESN: 3.5% (-0.5) Divers gauche-*: 3% Divers droite-*: 2.5% (+0.5) Divers-*: 2% (+1) DLF→ECR: 1% (-1) Far-left c.-*: 1% +/- vs. 5-8
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« L’antisionisme n’est en profondeur rien d’autre que l’expression contemporaine de la haine des juifs. » Robert Badinter
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Bill Clinton in 2016: “I killed myself to give the Palestinians a state. I had a deal they turned down that would have given them all of Gaza... between 96%-97% of the West Bank, compensating land in Israel, you name it.” “When [Hamas] decides to rocket Israel, they insinuate
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Spread 10y OAT vs Italian debt at ZERO now, according to FT. First time ever (FT). But French politics does whatever is needed to get into very positive territory. Spread vs Bund (+86bps) is already so far away, that only Italy matters ! :)
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Dissolution: TRÈS MAUVAISE IDÉE. Aujourd’hui, signifie que EM et tous les partis pensent que le RN gérera mieux la France que n’importe quelle coalition. Suicide politique de tous les partis modérés (des Verts à LR), alors que l’Ext Droite gagne partout en Europe & 🇺🇸. Folie!
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