To the extent that such debt fuelled spending creates a self-fulfilling virtuous cycle of confidence and activity, it can be a bridge to sustainable growth.
You experienced the occasionally violent protests of the 1968 movement at close quarters – from ministries in Paris with people demonstrating in front of them. How seriously do you take the “Occupy” movement, which has spread from Wall Street to cities around the world? I think we should always be very attentive to the signals coming from society. They are manifold and complex.