By 
Didier Darcet
20 June 2022

War Economy

On June 13th, Emmanuel Macron announced that France and the European Union were entering a “war economy,” speaking as the newly re-elected President of France but also, possibly, as President of the European Union. No doubt he chose his words carefully.

But what does a war economy mean? What are its economic and financial consequences?

Let history enlighten us.


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