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French Cracks Are Showing in Euro-Zone Core

Wall Street Journal Original article ›

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LyrArc Article Gist
France's public finances and how this affects the strength of the euro-zone package of 750 billon euros to support eurozone countries facing financial crisis. France has a ratio of government debt to GDP of 80%, with BNP Paribas forecasting it to go up to 90%. France's budget deficit is forecast at 8% for 2010. And with high taxes it is risky for President Sakozy to raise taxes. The government's target is to cut the deficit to 3% by 2013. Part of the plan is to close tax loopholes, unwind stimulus spending, and to address the social security deficit. Weakened by poor midterm election results and facing strong unions, Sarkozy's options are limited.

Spain's economy under the Zapatero administration.

08/01/2009

Unemployment, and the efforts to create jobs in other sectors, as well as keeping the gains of the social welfare state.

Grouped Articles

The zapping of Zapatero

Economist 02/11/2010

Spanish politics: Zapatero's endgame

Economist 10/23/2010

Leader Vows to Update Spain’s Economy, With Labor Rights Intact

New York Times 08/01/2009

Moody's Questions Spanish Banks

Wall Street Journal 10/14/2009

In Spain, a Soaring Jobless Rate for Young Workers

New York Times 01/01/2010

Spain is simply shifting the problem

Wall Street Journal 05/14/2010

The 2010 austerity budget and the European financial crisis affecting Spain.

05/13/2010

The contagion effect affecting Spain after Greece and Portugal similar to the manner in which the Asian financial crisis spread during a prior decade.

Grouped Articles

New Spanish Budget Free of Austerity Measures

New York Times 09/27/2013

Saying No to Austerity, Spain Unveils Tax Cuts

New York Times 06/20/2014

Spain is simply shifting the problem

Wall Street Journal 05/14/2010

Amid Europe's challenges, citizens face lifestyle shifts

Wall Street Journal 05/14/2010

French Cracks Are Showing in Euro-Zone Core

Wall Street Journal 05/13/2010

The IMF's Big Wager On Europe

Wall Street Journal 05/13/2010


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