France Deficit To Grow, Economy Stagnate, EU Targets Missed

[Economy 52,859]

http://www.euractiv.com/sections/euro-finance/france-seen-weakest-euro-zone-economic-performer-309743

Unlike virtually everywhere else in Europe, the deficit in France is expected to grow next year instead of shrink. At 4.1% of GDP this year, the deficit is to grow to 4.7% next year missing targets

EU Nations were also to shrink deficit by 0.5% of GDP every year until reaching balanced budget, and should be below 3% of GDP now

The economys competitiveness is also deteriorating and growth stalling. France is the EUs second largest economy after Germany

[Paco 3,040]

That's what we get with a floppy president :madge:

[Mr Josh 3]

EU should reconsider many of its policies before it's too late (and it is too late).

[hmm 979]

They're also looking to fund their Olympic bid using a telethon apparently. It really shows a lot of hope for getting the funding for the actual event :madge:

 

Berlin it is then

[Economy 52,859]

EU should reconsider many of its policies before it's too late (and it is too late).

for one much of Europe is way to socialist. U dont have to be as Capitalist as Switzerland but some Countries like France and Greece suffocate businesses with over taxation and over regulation

At least for now France financially isnt as bad as Greece, Spain, Portugal, Italy, Cyprus or Ireland yet (Ireland has actually shown considerable improvement)

Using the same currency and monetary policy (interest rates, money supply etc) for Multiple Countries when each Countries currency is unique is just a bad idea!!!