“Here are some key bullets from the report.  Public spending is 57% of the nation’s output.  Debt-to-GDP is 90%.  No new company has entered the CAC-40 stock market index since 1987.  Nobody gets fired. Unions protest over any reforms.  France still has a high standard of living, and has some of the best companies in the world, but growth has stalled.  Unemployment is 10%. Youth unemployment much higher.  France can still borrow cheaply, but it’s also resting on past laurels (it’s still a gigantic tourist destination).  New President Francois Hollande is ostensibly powerful, but his approval rating has plunged.”

http://www.economicpolicyjournal.com/2012/11/heres-whats-in-that-economist-article.html

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