“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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