Project Syndicate | By Dominique Moisi| In the mirror of Germany, the French must ask themselves fundamental questions. Have they made the right choices in terms of leaders and policies in recent decades?
“France shows same weakness signs as peripheral economies”
MADRID | By Julia Pastor | Javier Flores, head of analysis at Asinver: “France’s economic system will not fall into bankruptcy, but the French model cannot be considered as a superpower any more.”
Wake up, lazy François! You are in time, says Barclays
France has been advised by international institutions like the IMF and euro partners like Germany to do its homework before it’s too late. The answer that has come from the Elysée Palace, unfortunately, isn’t auspicious.
Monsieur Hollande’s Crisis
LONDON | George Irvin, University of London | Just look at Club-Med before dismissing this option: the only way for France (and the EU) to grow is by increasing spending, particularly public spending which is the largest component of French aggregate demand.
Economic hazards of a moral French Budget
Why would president Hollande place such tax burden on the rich and corporate? He said France’s 2013 Budget was meant to demonstrate the euro zone that austerity and fairness can walk together the way out of the crisis. It looks as he’d rather protect a bloated state, though.
How long until core euro countries hurt?
The seemingly dead weight of the peripheral economies continues to mark a divide within the common currency region. The overall picture, unavoidably, registers the cut. GDP fell by 0.2% in both the euro area and the EU during the second quarter of 2012, compared with the previous quarter. Also according to flash estimates published by Eurostat Tuesday, [...]
Jobseeker numbers in France increase for the 14th consecutive month
President François Hollande made as many promises as European politicians accustom to lure their voters with during election campaigns. In one occasion, the French leader vowed to create up to 80,000 jobs in the private sector and hire 60,000 more workers in the education department alone. Right now, this would come handy to tackle the [...]
The EMU still needs fixing
MADRID | The Summit has just avoided the worst from happening. Super-Mario and an unexpectedly bold Mariano Rajoy achieved a coup d’état toppling Ms Merkel from her undisputed pedestal. Hollande’s support was vital in depriving her of her hitherto boundless power. Yet one has the impression we assisted to a rehearsed show meant to provide an excuse [...]
After stagnation, a change of scene for French economic policy?
By CaixaBank research team, in Barcelona | France's statistics institute confirmed the French economy's stagnation in the first quarter and the year-on-year rate of change stood at 0.3%. In April, the economic climate indicator worsened and, in May, most leading indicators showed this decline getting worse, affected by the economic uncertainty, particularly due to the [...]
Fiscal compact is the key
MADRID |Â Germany will not move unless it firmly secures the fiscal compact goal. The growth strategy, the financial transactions tax and even banking union will only thrive so long discipline in public accounts is agreed. You can sulk at the stubborn obstinacy shown by Ms Merkel on this issue but trying to ignore it would [...]
