The problem of mounting public debt should be attributed to the inability to control inflation instead of restricting public expenditures as many economists would suggest. The use of inappropriate monetary and fiscal tools to control inflation have aggravated the problem. In light of new...

From the middle of 1993, the French government has followed an ambitious privatisation programme. Nine major state-owned enterprises have been at least partially sold; other companies some of which are amongst the largest in France, will be sold in the next few years. An analysis is undertaken of...