Déficit et dette publics - Éducation aux finances publiques

Replay of the live event from March 12, 2026 The French social welfare system is undergoing a period of transformation. Melchior presents a series of three conferences and debates to analyze the public finance issues that shape the French economic and political debate. In this second debate, entitled "Public Deficit and Debt," the speakers revisited these topics in a discussion with a three-pronged approach: economic, political, and sociological. This provided an opportunity to clarify essential concepts (deficit, debt, interest payments, budget balance, etc.) and analyze the central issue of sustainability, while also addressing debt as a social and power dynamic. Speakers: Stéphane Colliac, Head of Advanced Economies, BNP Paribas Follow Stéphane Colliac on LinkedIn:   / st%c3%a9phane-colliac-b0476626   Benjamin Lemoine, CNRS Research Director at the Maurice Halbwachs Center (CMH) - École Normale Supérieure Follow Benjamin Lemoine on LinkedIn:   / benjamin-l-00926a44   Follow Benjamin Lemoine on X (formerly Twitter): https://x.com/benjlemoine Maxime Menuet, Professor at the University of Provence-Alpes-Côte d'Azur (PACA), macroeconomist, specialist in debt sustainability issues Follow Maxime Menuet on his website: https://sites.google.com/view/maxime-... Additional Resources: Read the Eco Charts "Towards a "Increase in public debt in a majority of countries by 2030" by BNP Paribas: https://economic-research.bnpparibas.... Buy books by Benjamin Lemoine: https://www.editionsladecouverte.fr/a... Read articles by Maxime Menuet for Le Monde: https://www.lemonde.fr/signataires/ma... Read the article "Budgetary rules: a false good idea?" By Maxime Menuet: https://theconversation.com/les-regle... Moderated by: Fatmatül Pralong, Associate Professor of Economics and Social Sciences at Sorbonne University. 👉 Find more resources at https://www.melchior.fr Our social media: 💼   / programmeenseignantsentreprises   🌍   / www.melchior.fr   📷   / melchior.eco   CHAPTERS 00:00 Introduction 02:29 What is public debt? 06:22 The social and political dimension of debt 08:48 How do financial markets view a country's debt? 12:46 What is debt sustainability? 17:55 Using debt as an asset in the markets 20:58 Is debt a real problem? 25:59 What worries and reassures investors? 28:06 Focus on rising interest rates 31:50 Good or bad debt: a recent question 35:45 Ecological transition, financing, and green debt 40:40 History of debt financing mechanisms 45:57 Debunking common misconceptions about debt 53:00 Questions from the audience 53:16 What is the link between history, the creation of the EU, and the amount of debt? 54:43 Is debt sustainability threatened by electoral cycles? 57:25 Who are the lenders? 58:48 Conclusion