Posts Tagged ‘France’

“The French growth model has been built almost exclusively on consumer demand and construction, the direct opposite of the German model of export-led growth,” Mr Moëc said. “In a country so dependent on consumer demand, when real wages growth turns negative it is a real disaster.” (FT.com, Economic outlook clouds Sarkozy success) It’s true, economists […]


“Quietly, very quietly, France under Chirac has continued its long slither down the catwalk towards market economy, followed ever since Francois Mitterrand tried and failed a quarter-century ago to borrow from the Soviet economic plan.” “France must move on“, International Herald Tribune, Wed Febr 28, 2007