Marie-Christine Esclassan underlined the interest of a subject as important as public debt risks. She referred to current events on the matter as regards the downward slide of the State’s financial commitments over recent years. Christophe Pierucci presented the conclusions of the report by the Fondafip research group on the matter. Philippe Josse emphasized the trust-based relationship that must exist between the lender and the issuing public authorities. François Bonneville recalled that public debt is not classified in legal terms. Michel Aglietta discussed experiences of consolidating public debt and covered the impact of European Union rules in respect of secular stagnation. Philippe Auberger exposed the reasoning behind monitoring the public debt level in periods of negative interest rates.