France’s German Mirror
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
“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.”
JP Morgan concerned about French deficit
Can Hollande salvage his country from the waves of austerity? JP Morgan analysts forecast a French deficit higher than the official target for 2013, which could trigger further budget cuts.
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.
France faints in the core euro zone
The French PMI fell by almost four points while Germany’s expanded. That’s bad news for the euro zone, whose core is in for trouble as an isolated German engine cannot pull its neighbours out of recession.
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, in the first quarter of 2012, growth rates were zero in both zones. Compared with…
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 country’s rising unemployment. Last June, the headline number of jobseekers in France jumped significantly for…
French hotel group Accor dips further in LatAm with Posadas deal
Spanish companies aren’t alone in extending their links to the Latin American markets in a bet to withdraw from the volatile European economies. France’s group Accor this week announced its plan to set itself as a sector leader in the area with the acquisition of the South American hotel portfolio of Grupo Posadas. The transaction, which adds to the external growth strategy of the company, includes 2,600 rooms and a secured…