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Flasheur indicated that TotalEnergies had published results that he deemed exceptional in the third quarter of 2026. He reported an adjusted net income of $9.1 billion, compared to $6 billion in the second quarter, representing a 51% increase. The published net income was $8.26 billion, adjusted EBITDA was $17.81 billion, and cash flow stood at $12.26 billion. Adjusted earnings per share reached $4.03. In detail, he cited an adjusted net operating result of $3.60 billion for the Refining-Chemicals segment, and $1.89 billion for liquefied natural gas, compared to $807 million in the previous quarter. Hydrocarbon production reached 2.47 million barrels of oil equivalent per day, up 3%, while the European refining margin rose from $13.5 to $33.2 per barrel. Flasheur also mentioned a maintained dividend advance of €0.90 per share, up 5.9% compared to 2025, as well as $2.5 billion in share buybacks planned for the fourth quarter of 2026 and the first quarter of 2027. According to him, the debt ratio had fallen back to 9.1%, down from 13.1% three months earlier. He attributed the results to rising gas prices and refining margins, which he considered exceptionally high, while emphasizing that this favorable context may not last. He finally asked TotalEnergies shareholders if they were satisfied and questioned the investors' reaction at the opening of the Paris Stock Exchange. #TotalEnergies #MarchéBoursier #RésultatsFinanciers (translated)

The author mentioned dogmatic free trade, the triumph of individualism, the isolation of elites, the transition from the entrepreneurial state to the managerial state, social networks, the excessive indebtedness of states, the end of Western dominance in the world, and demographic imbalances, before questioning a possible upheaval of the nation-state. (translated)

Guillaume Champeau has provided a very critical assessment of ten years of Macronist power. He stated that shopkeepers were being encouraged to hire private security agents, as the police, according to him, were no longer able to protect them from riots, and that the French could only demonstrate with state-approved unions. He also denounced the degradation of hospitals and public services, the decline of the National Education system, and a 17-point increase in public debt compared to the rest of the eurozone. He claimed that 13% of the French said they could not eat their fill and accused the government of asking intelligence services to lie about the political opposition to hold it responsible for the riots. Finally, he mentioned an extreme-right party at the gates of power, a media landscape that normalizes racism and Islamophobia, a diplomacy unable to defend French values, and a deepening impoverishment with no prospects for improvement. #Macronie #CrisePolitique #France (translated)

Finneko examined the economic proposals of David Lisnard, who predicted, according to him, 80 billion euros in savings as early as the first year, 200 billion in cruise mode, and up to 300 billion in the long term. He described the program as a liberal strategy aimed at reducing public spending and levies on labor and companies, while promoting investment and employment. Of the 200 billion announced, Lisnard intended to allocate 120 billion to increase net wages through a reduction in contributions, 40 billion to reduce production taxes, and 40 billion to improve public finances. Finneko pointed out that the savings would not translate into a corresponding reduction in the deficit: according to his calculation, the direct budgetary improvement would be 40 billion. Starting from the public deficit of 152 billion euros recorded in 2025, there would remain, before any other changes, a financing need of more than 110 billion. Finneko deemed that the elimination of the C3S and the reduction of production taxes could support certain companies, without guaranteeing that the saved amounts would be devoted to investment or employment. He also noted that the 120 billion intended to increase net wages required further clarification on the distribution between employee and employer contributions, as well as on the financing of social spending. He also questioned the savings achievable through the reorganization of the 1,153 national public bodies, estimating that the elimination of structures would not necessarily eliminate the expenses related to their missions. Regarding pensions, he indicated that Lisnard wished to introduce a mandatory and collective capitalization tier and mobilize the delinking of pensions exceeding 2,000 euros per month. Finneko requested clarifications on the funding of the transition and the payment of current pensions. Finally, he estimated that the adjustment of 80 billion from the first year should be evaluated in light of its possible effects on activity, particularly demand. While he considered several directions worthy of interest, he expressed skepticism about the budgetary credibility of the amounts and the timeline. He awaited details of the savings, measure by measure and year by year, a simulation of their economic effects, and a projection of the funding for the transition to capitalization. #Economie #FinancesPubliques #Salaires (translated)

Jon De Lorraine challenged Raphaël Glucksmann's statements about the rescue of Donald Trump's Taj Mahal casino. He wrote that Glucksmann had attributed this rescue to billionaires linked to the KGB, but that no known documentary evidence supported it. According to De Lorraine, the casino had been restructured with its bondholders in 1991, after accumulating $675 million in debt, and Trump had sold 50% of the equity in exchange for a restructuring of his debt. De Lorraine deemed it serious that Glucksmann presented this accusation as a fact on public service without being contradicted. #FakeNews #DébatPublic #Politique (translated)

Too many countries did not take advantage of the post-pandemic recovery to rebuild their budgetary leeway; each new shock has further increased the level of debt (...) It is urgent to repair the budgetary foundations before the cracks widen. The time has come to increase revenues, streamline expenditures, and improve public finance management. The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, called on governments on Wednesday to restore their budgetary discipline "urgently" in the face of soaring yields on public debts of developed economies. #FMI #budget #financespubliques (translated)

The author wrote that after ten years of Emmanuel Macron's presidency, marked according to him by massive debt, deficits, and unbalanced budgets, he understood the concern raised by the situation in France. He added that, in his opinion, it was not France that had failed, but a policy. https://t.co/UE1MDjDUVq #France #Politique #Économie #FR (translated)

Jean-Luc Mélenchon wrote that a global financial crisis was looming and that high interest rates were unbearable for states, particularly for indebted countries like France. He blamed Emmanuel Macron for the creation of 1.2 trillion euros in debt and accused him and his predecessors of having indebted and ruined the country in turn, while reproaching him for giving lessons. #CriseFinancière #Endettement #Économie (translated)

Joan Larroumec presented the tensions between France and Germany as a result of increasing competition, particularly in the defense industry. He indicated that Berlin planned military spending of €108 billion in 2026, compared to €57 billion for Paris, and nearly €140 billion in 2027. According to him, Germany was seeking to use these expenditures as a lever for economic transformation, while its historical industrial model was weakened. Larroumec notably cited the decline in German exports to China, which he claimed fell from €106 billion in 2022 to €81 billion in 2025, as well as a reduction of 142,400 jobs in the German automotive industry since 2019. He also wrote that German defense start-ups had received $3.5 billion in investments in 2026, compared to $375 million in France, and that Berlin had concluded a framework agreement with Helsing and Stark that could reach €4.3 billion. He estimated that this strategy heightened rivalries between the two countries and jeopardized their joint programs. He reported that Paris and Berlin acknowledged on June 8 that the SCAF could not be successfully executed, and that the Chief of Staff of the Armed Forces announced Germany's abandonment of the MGCS tank program. He also mentioned competition in drones, artificial intelligence, and space, where, according to him, Germany was seeking to reduce France's position. Finally, Larroumec argued that France's financial difficulties limited its ability to invest in defense and risked weakening its industry. He stated that French and German interests were becoming increasingly misaligned and that this situation could lead to chaotic episodes in Europe. #France #Allemagne #Défense (translated)

"Today, those who do not have the courage to overcome their own taboos contribute to a debt that we will no longer be able to resolve without a considerable loss of prosperity." Prime Minister Bart De Wever made a new appeal for a sense of responsibility on Thursday in the Chamber, on the eve of a budget weekend that could prove decisive. #BudgetFédéral #BartDeWever #DettePublique (translated)

Cerfia indicated that the French financial situation had made headlines in the Wall Street Journal. According to the media, the American newspaper had denounced decades of public spending and the inability of political leaders to restore the finances, estimating that France had become one of the most fragile links in Europe in the financial markets. #France #Économie #Endettement (translated)