{"id":6305,"date":"2024-02-26T17:24:27","date_gmt":"2024-02-26T16:24:27","guid":{"rendered":"https:\/\/lecercledeseconomistes.fr\/articles\/%cat-post-theme%\/pay-a-big-dividend-what-an-idea\/"},"modified":"2024-04-02T18:19:37","modified_gmt":"2024-04-02T16:19:37","slug":"pay-a-big-dividend-what-an-idea","status":"publish","type":"blog","link":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/","title":{"rendered":"Pay a big dividend? What an idea!"},"content":{"rendered":"\n<div class=\"wp-block-group section-content-layout-without-cover is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns is-not-stacked-on-mobile is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<div class=\"block--post-meta\" >\n\n    <ul class=\"block--post-meta-list\">\n\n        \n            <li>\n                <p class=\"style-p-secondary-bold\">date<\/p>\n                <time datetime=\"2024-02-26T17:24:27+01:00\"class=\"style-p-secondary-normal\">26 f\u00e9vrier 2024<\/time>\n            <\/li>\n\n            <li>\n                <p class=\"style-p-secondary-bold\">update<\/p>\n                <time datetime=\"2024-04-02T18:19:37+02:00\" class=\"style-p-secondary-normal\">2 avril 2024 \u00e0 18:19<\/time>\n            <\/li>\n\n            \n            <li>\n                <p class=\"style-p-secondary-bold\">author<\/p>\n\n                <div class=\"container__authors\">\n\n                    \n                        <a class=\"style-p-secondary-normal\" href=\"https:\/\/lecercledeseconomistes.fr\/en\/presentation\/members-and-authors\/emeritus-members\/jean-paul-betbeze\/\">Jean-Paul Betb\u00e8ze<\/a>\n                     \n                    \n                <\/div>\n            <\/li>\n            \n        \n            \n            \n            \n\n            \n                <li>\n                    <p class=\"style-p-secondary-bold\">reading time<\/p>\n                                        <p class=\"style-p-secondary-normal\">3 minutes<\/p> \n                <\/li>\n\n            \n\n        \n        \n    <\/ul>\n\n    \n        \n        <div class=\"container-post-social-share\">\n\n            \n<div class=\"block--post-social-share\" >\n\n    \n    <ul class=\"container-socials\">\n\n        <li>\n            <a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Flecercledeseconomistes.fr%2Fen%2Farticles%2Ffinance-en%2Fpay-a-big-dividend-what-an-idea%2F\" title='Partager sur Facebook' target='_blank'>\n                \n                <svg class=\"facebook\" width=\"27\" height=\"26\" viewBox=\"0 0 27 26\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path class=\"one\" d=\"M25.6539 0.587891H0.814941V25.4269H25.6539V0.587891Z\" stroke=\"#5B5B5B\" stroke-miterlimit=\"10\"\/>\n<path class=\"two\" d=\"M14.272 18.7267V13.6327C14.772 13.6327 15.2328 13.6327 15.6958 13.6267C15.7718 13.6267 15.9031 13.5607 15.9131 13.5077C16.0281 12.8697 16.1249 12.2277 16.2339 11.5437H14.2671C14.2671 11.0247 14.2671 10.5437 14.2671 10.0627C14.2551 9.87274 14.308 9.68435 14.417 9.52832C14.526 9.37229 14.6847 9.25785 14.8672 9.20368C15.0801 9.14115 15.3001 9.10751 15.522 9.10368C15.776 9.08668 16.0332 9.10368 16.2852 9.10368V7.36868C15.8852 7.35068 15.5141 7.33168 15.1401 7.31668C14.8644 7.29425 14.5876 7.28624 14.311 7.29268C13.7675 7.30104 13.2455 7.50737 12.8433 7.87299C12.441 8.23862 12.186 8.73842 12.126 9.27868C12.0574 9.92597 12.0291 10.5769 12.041 11.2277C12.041 11.3277 12.0319 11.4277 12.0259 11.5567H10.1899V13.6347H12.0479V18.7267H14.272Z\" fill=\"#5B5B5B\"\/>\n<\/svg>            <\/a>\n        <\/li>\n        \n\n        <li>\n            <a href=\"https:\/\/twitter.com\/intent\/tweet?text=Pay a big dividend? What an idea!&#038;url=https%3A%2F%2Flecercledeseconomistes.fr%2Fen%2Farticles%2Ffinance-en%2Fpay-a-big-dividend-what-an-idea%2F&#038;hashtags=cde\" title='Partager sur Twitter' target='_blank'>\n                \n                <svg class=\"twitter\" width=\"26\" height=\"26\" viewBox=\"0 0 26 26\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<g clip-path=\"url(#clip0_805_2)\">\n  <rect class=\"background\" width=\"100%\" height=\"100%\" fill=\"white\"\/>\n  <path class=\"one\" d=\"M0.5 0H0V25.839H25.839V0H0.5ZM24.839 24.839H1V1H24.839V24.839Z\" fill=\"#5C5B5C\"\/>\n  <path class=\"two\" d=\"M7.035 17.9391C6.863 18.1171 6.693 18.2961 6.5 18.4961C6.792 18.4961 7.05 18.4881 7.308 18.4991C7.445 18.5051 7.534 18.4591 7.624 18.3651C8.934 17.0021 10.25 15.6431 11.559 14.2791C11.649 14.1851 11.68 14.2091 11.745 14.2931C12.799 15.6621 13.856 17.0281 14.909 18.3971C14.965 18.4701 15.023 18.4971 15.116 18.4971C16.2 18.4941 17.285 18.4951 18.369 18.4941C18.41 18.4941 18.455 18.5081 18.5 18.4751C18.491 18.4601 18.484 18.4461 18.475 18.4331C17.967 17.7801 17.459 17.1271 16.95 16.4741C15.857 15.0701 14.764 13.6651 13.669 12.2631C13.615 12.1941 13.608 12.1541 13.676 12.0861C13.953 11.8081 14.221 11.5231 14.493 11.2411C15.534 10.1631 16.576 9.08512 17.617 8.00612C17.771 7.84612 17.924 7.68612 18.099 7.50212C17.814 7.50212 17.56 7.50912 17.308 7.49912C17.177 7.49412 17.091 7.53712 17.004 7.62812C15.749 8.93112 14.49 10.2301 13.235 11.5331C13.168 11.6031 13.146 11.5891 13.095 11.5221C12.077 10.2121 11.057 8.90312 10.04 7.59212C9.986 7.52212 9.93 7.50012 9.844 7.50012C8.777 7.50212 7.71 7.50112 6.643 7.50212C6.603 7.50212 6.557 7.48512 6.517 7.52512C6.53 7.54312 6.542 7.56012 6.554 7.57712C8.082 9.55512 9.609 11.5331 11.139 13.5091C11.198 13.5851 11.209 13.6261 11.133 13.7041C9.764 15.1131 8.399 16.5251 7.034 17.9371L7.035 17.9391ZM8.059 8.30412C8.043 8.28412 8.03 8.26212 8.014 8.24012C8.048 8.19612 8.095 8.21612 8.135 8.21612C8.596 8.21412 9.057 8.21812 9.518 8.21312C9.621 8.21212 9.685 8.24212 9.746 8.32212C10.664 9.50912 11.585 10.6941 12.505 11.8791C13.993 13.7961 15.482 15.7121 16.97 17.6291C16.99 17.6551 17.008 17.6831 17.044 17.7351C16.504 17.7351 15.991 17.7351 15.478 17.7351C15.413 17.7351 15.387 17.6921 15.356 17.6521C14.356 16.3711 13.357 15.0891 12.357 13.8081C10.925 11.9731 9.492 10.1391 8.059 8.30412Z\" fill=\"#5C5B5C\"\/>\n<\/g>\n<\/svg>\n            <\/a>\n        <\/li>\n        \n\n        <li>\n            <a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Flecercledeseconomistes.fr%2Fen%2Farticles%2Ffinance-en%2Fpay-a-big-dividend-what-an-idea%2F\" title='Partager sur Linkedin' target='_blank'>\n                \n                <svg class=\"linkedin\" width=\"25\" height=\"26\" viewBox=\"0 0 25 26\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n<path class=\"one\" d=\"M24.8649 0.587891H0.0258789V25.4269H24.8649V0.587891Z\" stroke=\"#5B5B5B\" stroke-miterlimit=\"10\"\/>\n<path class=\"two\" d=\"M18.1309 13.5412C18.1539 15.1962 18.144 16.8512 18.144 18.5062C18.1386 18.5827 18.1283 18.6588 18.1138 18.7342C17.4238 18.7342 16.743 18.7342 16.063 18.7342C15.826 18.7342 15.8902 18.5472 15.8892 18.4182C15.8892 17.2602 15.8892 16.1022 15.8892 14.9432C15.8892 14.8222 15.8892 14.7002 15.8892 14.5792C15.8913 14.3853 15.8548 14.1928 15.7817 14.0132C15.7087 13.8336 15.6002 13.6703 15.4634 13.5329C15.3265 13.3955 15.1637 13.2867 14.9844 13.2129C14.805 13.1391 14.6129 13.1018 14.4189 13.1032C14.005 13.0978 13.6058 13.2566 13.3086 13.5448C13.0114 13.833 12.8404 14.2272 12.833 14.6412C12.816 15.8412 12.8332 17.0412 12.8252 18.2482C12.8252 18.7912 12.8952 18.7332 12.3252 18.7362C11.7552 18.7392 11.1838 18.7362 10.5918 18.7362V11.1462H12.8198V12.1112C12.9688 11.9552 13.0519 11.8742 13.1279 11.7882C14.1279 10.6732 17.1092 10.5882 17.9092 12.5482C18.0427 12.863 18.1176 13.1994 18.1309 13.5412Z\" fill=\"#5B5B5B\"\/>\n<path class=\"three\"d=\"M8.09164 7.27812C8.36496 7.27255 8.63415 7.34853 8.86411 7.49635C9.09406 7.64417 9.27472 7.85713 9.38315 8.10808C9.49157 8.35903 9.52247 8.63659 9.4725 8.90535C9.42253 9.17412 9.29376 9.4219 9.10239 9.61711C8.91101 9.81232 8.66601 9.94611 8.39829 10.0014C8.13056 10.0567 7.85251 10.031 7.59946 9.92755C7.34641 9.82413 7.12974 9.64767 6.97739 9.42069C6.82504 9.19371 6.74385 8.92649 6.74399 8.65312C6.73999 8.47373 6.77175 8.29535 6.83774 8.12849C6.90373 7.96163 7.00265 7.80966 7.12827 7.68153C7.25388 7.5534 7.40367 7.4517 7.56918 7.38242C7.7347 7.31314 7.91221 7.27767 8.09164 7.27812Z\" fill=\"#5B5B5B\"\/>\n<path class=\"four\"d=\"M9.22314 11.1509V18.7169H7V11.1509H9.22314Z\" fill=\"#5B5B5B\"\/>\n<\/svg>            <\/a>\n\n        <\/li>\n        \n<\/ul>\n\n  \n    \n    \n<\/div>\n        <\/div>\n\n\n        \n\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p><strong>On Friday, February 22nd, the Paris Stock Exchange broke its session record. Last year, the profits of CAC40 companies soared again. The months follow one another and look the same, fuelling the controversy around dividends paid to shareholders a little more each day. False controversy and error of judgment, according to Jean-Paul Betbeze<\/strong><\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>When a (large) company pays large dividends, it is to draw attention to its stock so that it can be bought, and therefore rise. But this company also knows that it will be criticized by politicians who will talk about inequality, repeating: &#8220;dividends benefit the rich&#8221;, not to mention the &#8220;experts&#8221;, even worse, who will explain to us that in this way the shareholder alone gets richer. But both forget that the company disburses this money that belongs to the shareholder, after the distribution decision.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>Moreover, against those who say that dividends enrich the rich, it is forgetting that multimillionaires have better things to do than buy a stock that yields 5%. \u20ac3 dividend for a Total share that is priced at 59, while they get more elsewhere or through arrangements! Squeaky.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">&#8220;The dividend is an internal ATM&#8221;<\/h2>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>Above all, elementary finance, dividends are a transfer from the company&#8217;s cash register to yours. It was money promised by the company based on its results through the funding you gave it by buying a stock. We hadn&#8217;t been told! However, the real mystery of this operation is the same as that of withdrawing from an ATM. No one thinks that this operation will not reduce their bank account: the dividend is an internal ATM.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>The recent case of Total, which distributes billions of euros, illustrates this mechanism and the multinational is being criticized. What, more money for the rich taken from poor people! What, a capture of rent (coming from the exploitation of this fossil fuel) and which pollutes the world, when all this money could help local populations and reduce pollution! But without shareholders, this oil would have remained at the bottom. A dividend is a transfer where the company distributes a share of its profits to those who made them possible, taking risks. Of course, the dividend payout is not na\u00efve: the company says it will do at least as well afterwards. As a result, a very large part of the dividends received will be immediately reinvested in share purchases&#8230; Total. It should come as no surprise if the share price rises: shareholders will be even more loyal because they have understood the message.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Thinking about the post-oil era<\/h2>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>It&#8217;s the same logic that works for share buybacks. And here we find Total, with billions promised over several years. It is a question of increasing the loyalty of shareholders in order to support the dual policy of de&#8230; \u2013 and less \u2013 &#8230; carbonation. It involves photovoltaics, hydrogen or wind power. Total is not isolated in its approach, but it is undoubtedly more advanced than its major competitors.<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>Using the results of oil to do without it: strange masochism! In fact, the distribution of dividends does not go without a debate on investment choices in favor of the post-oil era, knowing that it is always necessary to invest to maintain existing wells, more in future energies. For the time being, the majors&#8217; profits are at an all-time high, with $36 billion at Exxon Mobil, $28 billion at Shell and $21 billion at Chevron and Total, but there is no guarantee that their desire to be carbon neutral by 2050 will be met, given the fierce competition between them. The billions invested in the post-oil era go against those that enable the oil of today and tomorrow: they are far more profitable and certain. Distributing dividends to decarbonise, in addition to the moral judgement that can be made on the commitment, the support of long-term investors, pension funds and sovereign wealth funds (Norwegian in particular), is not self-evident. It is part of a contest of speed, where&#8230; Petrobras has announced that it will be last! So should we slow down the effort?<\/p>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer is-style-spacer-medium\"><\/div>\n\n\n\n<p>Paying a big dividend is to win the global race against oil, but thanks to it. An idea&#8230; to explain!<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"featured_media":5681,"parent":0,"template":"wp-custom-template-single-post-classic","cat-post-theme":[137],"cat-post-type":[135],"cat-blog-event-media-type-serie":[],"class_list":["post-6305","blog","type-blog","status-publish","has-post-thumbnail","hentry","cat-post-theme-finance-en","cat-post-type-news"],"acf":{"is_featured_post":false,"display_twitter_hastags":false,"twitter_hastags":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pay a big dividend? What an idea! - Le cercle des \u00e9conomistes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay a big dividend? What an idea! - Le cercle des \u00e9conomistes\" \/>\n<meta property=\"og:description\" content=\"On Friday, February 22nd, the Paris Stock Exchange broke its session record. Last year, the profits of CAC40 companies soared again. The months follow one another and look the same, fuelling the controversy around dividends paid to shareholders a little more each day. False controversy and error of judgment, according to Jean-Paul Betbeze When a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/\" \/>\n<meta property=\"og:site_name\" content=\"Le cercle des \u00e9conomistes\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T16:19:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2024\/03\/Banniere-Site-Cercle72.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1480\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pay a big dividend? What an idea! - Le cercle des \u00e9conomistes","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/","og_locale":"en_US","og_type":"article","og_title":"Pay a big dividend? What an idea! - Le cercle des \u00e9conomistes","og_description":"On Friday, February 22nd, the Paris Stock Exchange broke its session record. Last year, the profits of CAC40 companies soared again. The months follow one another and look the same, fuelling the controversy around dividends paid to shareholders a little more each day. False controversy and error of judgment, according to Jean-Paul Betbeze When a [&hellip;]","og_url":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/","og_site_name":"Le cercle des \u00e9conomistes","article_modified_time":"2024-04-02T16:19:37+00:00","og_image":[{"width":1480,"height":335,"url":"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2024\/03\/Banniere-Site-Cercle72.png","type":"image\/png"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/","url":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/","name":"Pay a big dividend? What an idea! - Le cercle des \u00e9conomistes","isPartOf":{"@id":"https:\/\/lecercledeseconomistes.fr\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/#primaryimage"},"image":{"@id":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/#primaryimage"},"thumbnailUrl":"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2024\/03\/Banniere-Site-Cercle72.png","datePublished":"2024-02-26T16:24:27+00:00","dateModified":"2024-04-02T16:19:37+00:00","breadcrumb":{"@id":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/#primaryimage","url":"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2024\/03\/Banniere-Site-Cercle72.png","contentUrl":"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2024\/03\/Banniere-Site-Cercle72.png","width":1480,"height":335},{"@type":"BreadcrumbList","@id":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/pay-a-big-dividend-what-an-idea\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lecercledeseconomistes.fr\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/"},{"@type":"ListItem","position":3,"name":"Finance","item":"https:\/\/lecercledeseconomistes.fr\/en\/articles\/finance-en\/"},{"@type":"ListItem","position":4,"name":"Pay a big dividend? What an idea!"}]},{"@type":"WebSite","@id":"https:\/\/lecercledeseconomistes.fr\/en\/#website","url":"https:\/\/lecercledeseconomistes.fr\/en\/","name":"Le cercle des \u00e9conomistes","description":"","publisher":{"@id":"https:\/\/lecercledeseconomistes.fr\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lecercledeseconomistes.fr\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/lecercledeseconomistes.fr\/en\/#organization","name":"Le cercle des \u00e9conomistes","url":"https:\/\/lecercledeseconomistes.fr\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lecercledeseconomistes.fr\/en\/#\/schema\/logo\/image\/","url":"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2023\/08\/logo.svg","contentUrl":"https:\/\/lecercledeseconomistes.fr\/wp-content\/uploads\/2023\/08\/logo.svg","width":1,"height":1,"caption":"Le cercle des \u00e9conomistes"},"image":{"@id":"https:\/\/lecercledeseconomistes.fr\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/blog\/6305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/types\/blog"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/media\/5681"}],"wp:attachment":[{"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/media?parent=6305"}],"wp:term":[{"taxonomy":"cat-post-theme","embeddable":true,"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/cat-post-theme?post=6305"},{"taxonomy":"cat-post-type","embeddable":true,"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/cat-post-type?post=6305"},{"taxonomy":"cat-blog-event-media-type-serie","embeddable":true,"href":"https:\/\/lecercledeseconomistes.fr\/en\/wp-json\/wp\/v2\/cat-blog-event-media-type-serie?post=6305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}