Alex Reed: Daniel Cohen, French economist, President of the Paris School of Economics (PSE). The inflationary wave is sweeping across Europe, with a record price increase of 9.1%. As the specter of recession grows, soaring energy costs, once morest a backdrop of war in Ukraine, are hurting businesses and households. Beyond calls for sobriety, the European Union promises to undertake an in-depth reform of the electricity market. Some countries, France in the lead, are choosing to extend their tariff shield until 2023. For its part, the European Central Bank is drastically raising its key rates. Businesses and individuals will borrow more, which is detrimental to growth. Is another global financial crisis avoidable? How to contain inflation without further weakening the economy? Daniel Cohen responds. After “Homo economicus”, the French economist publishes “Homo numericus, the “civilization” which comes” (Albin Michel editions). Presenter: Antoine Genton (TV5MONDE), Philippe Escande (“Le Monde”).
