Briefing: 'States respond to the cost of debt, not to debt itself'

Summary

• Summary pending editorial review.

Key Facts

Fact	Value
Author	Maxime Menuet
Position	University professor at Université Côte d'Azur
Research Group	Co-director of Money, Banking and Finance
Recognition	Finalist for the 2026 Best Young Economist Award

Sources

• Le Monde: https://www.lemonde.fr/en/economy/article/2026/03/31/states-respond-to-the-cost-of-debt-not-to-debt-itself_6751966_19.html