Emmanuel Macron’s proposals
New French president Emmanuel Macron wants to solve the problem of the stability of the euro and its finances once and for all, by implementing some kind of European Fiscal Union.
France has a financial system worth seven billion euros, compared with Germany’s four billion or the Spanish financial system’s three billion (because of Santander and BBVA). But the Bank of France’s balance sheet is supported by the CFA franc.
Making democracy work certainly is no mean task but one way of understanding the victory of Emmanuel Macron in France is reason beating irrational fears. Or as Macron himself has said: you convince people “by speaking to their intelligence.”
Peter Lundgreen via Caixin | My best guess is that more than 99 percent of all economic analyses from the end of 2015 predicted a higher GDP growth in France this year. I myself have since long been skeptical about the economic growth prospects for the Eurozone, including that of France.