I had the privilege of being involved in some of these 'ways out of crisis'. I lived through their dramatic intensity and was, sometimes, able to contribute to pragmatic solutions which helped to steady the ship. This was true, for example, of the Latin American crisis, negotiation of the IMF adjustment programmes and aiding the transition of the Eastern European countries.
But the picture is still dark. The 2007-2008 crisis, with its trail of unemployment and recession, is an extreme example of what excess debt can do. And quantitative easing policies, implemented to minimize the effects of the 'great recession' despite its origins in the abuse of debt, plunge an observer like myself into an abyss of questions and doubts." From the collapse of Bretton Woods to that of Lehman Brothers, a first-hand account of fifty years of financial crises by a participant on the front lines of finance and currency.
The memoirs of an exceptional, influential man who worked alongside Jacques Delors, Valéry Giscard d'Estaing, Raymond Barre, Paul Volcker, and many others.
«Do people know that on average around 25 languages die every year? In one hundred years, if nothing has changed, half of all languages will be dead. At the end of the Twenty-first Century, there should therefore remain around 2,500, and probably many fewerif we take into account a very possible acceleration of the rate of disappearance. Granted, like civilizations, languages are mortal, and the chasm of history is big enough for them all. However, there is something completely unique, and exalting, about the death of languages, when we become aware of it: languages can be resurrected! But this requires vigilance, without which all are threatened, including French.» C. H.
Claude Hagège is a recipient of the CNRS Gold Medal, and professor at the Collège de France. He is the author of L'Enfant aux deux langues, Le Français et les siècles, both huge best-sellers.
