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French Economy is Test for Hollande
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France showed zero GDP growth in the second quarter of 2012 compared to the first quarter, according to the national statistics office Insee. French president Hollande will have to raise 33 billion euros in spending cuts or higher taxes to reach the target for the budget deficit of 3% of GDPin 2013, according to a July report of Cour des Comptes, a body that audits public institutions. This will be harder now that the slowdown globally is leading to expectations of slower growth than the 1% growth forecast used in the audit. French president Hollande has so far received good marks from analysts and financial markets. French borrowing costs have reached new lows especially in short term maturity bonds where bondholders are lending money at zero interest rates, partly because of the flight to safety from Italian and Spanish bonds.
France's economy in 2010-2014
06/23/2010
The determination in France, as in Britain, to take austerity measures, and to cut the deficit.
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France Goes Against the Euro-Zone Flow
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Europe to Vote on Tougher Rules for Currency
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France Says It Will Miss Budget Deficit Targets
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German Optimism Depends On Spanish Deficits
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S.&P. Downgrade Deals Blow to French Government
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Euro Zone Deficit Hits Target for First Time Since 2008
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Government debt, credit ratings and borrowing costs for France- 2012-2014
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Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
S.&P. Downgrade Deals Blow to French Government
New York Times 11/08/2013
Social-Security Woes Vex France's Hollande
Wall Street Journal 11/11/2013
New York Times 11/10/2013
Japan's Stimulus Generates Ripples
Wall Street Journal 04/09/2013
Overheard: France Could Be in Bond-Market Hot Seat
Wall Street Journal 11/17/2014
The new administration of Francois Hollande in France
05/05/2012
Finance Minister Pierre Muscovici, was European Affairs minister in 1997-2002, Foreign Minister is Laurent Fabius, a former prime minister in the 1980's, and Michel Sapin is Minister for Employment, Labor and Social Dialogue. This gives Hollande an experienced team to implement his program and achieve a reorientation of EU policies towards growth.
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Year Into Hollande Presidency, âa Sense of Driftâ
New York Times 05/04/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
For France, U.S. delay on Syria fuels doubts - The Washington Post
Washington Post 09/07/2013
France Tries to Tempt In More Foreign Investment
New York Times 02/17/2014
In Race to French Presidency, Hollande Sets His Own Pace
New York Times 05/05/2012
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
France's president Hollande's revision of the 2012 budget
06/23/2010
Grouped Articles
Wall Street Journal 05/29/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
France's Lagarde Forecasts Austerity
Wall Street Journal 06/23/2010
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
European Union Blinks in Budget Battle With Italy and France
New York Times 10/28/2014
France and Italy's push for a new Eurozone Architecture
05/23/2012
France and Italy's push is for improved financing of growth projects, coordination of monetary policy with budgets and fiscal situation of eurozone states, and mapping out a pathway that leads to joint issuance of eurobonds. French officials in the Hollande administration say the lack of this architecture is the cause of many of today's problems. Prime minister Monti of Italy played a key role in pushing for the changes at meetings in Rome and Brussels in June 21-27, 2012.
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The Man Whoâll Do Triage on Europeâs Banks
New York Times 10/20/2013
France to Press for New Euro-Zone Architecture at EU Summit
Wall Street Journal 05/23/2012
Euro Crisis Calls for Mix of Moves
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In test for Europe, Ireland votes on fiscal treaty - The Washington Post
Washington Post 05/31/2012
Germany Open to Deal on Pooling Euro Debt, With Limits
New York Times 06/04/2012
Why the Bailout in Spain Won't Work
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Talks and meetings of Francois Hollande of France and Angela Merkel of Germany in 2012 and 2015
05/05/2012
Grouped Articles
Year Into Hollande Presidency, âa Sense of Driftâ
New York Times 05/04/2013
In Race to French Presidency, Hollande Sets His Own Pace
New York Times 05/05/2012
Merkel, Hollande Say Greece Needs Proposals for Brussels Meeting on Crisis
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Greek Crisis Shows How Germany’s Power Polarizes Europe
Wall Street Journal 07/07/2015
France and Germany Face Delicate Talks on Economy
New York Times 06/21/2012
Amid crisis, leaders of Germany, France, Italy and Spain meet in Rome - The Washington Post
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France's manufacturing competitiveness
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Wall Street Journal 05/29/2013
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A Proud Nation Ponders How to Halt Its Slow Decline
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Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
French competitiveness: France's lost decade
Economist 02/05/2011
The Euro Zone's Brittle French Center
Wall Street Journal 05/28/2011
France's economic growth 2010-2013
08/12/2011
Grouped Articles
S.&P. Downgrade Deals Blow to French Government
New York Times 11/08/2013
Wall Street Journal 08/13/2011
French Economy Ground to Halt in 2nd Quarter
New York Times 08/12/2011
In Europe, Even the German Powerhouse Is Losing Steam
New York Times 11/18/2011
Throwing Another Barrel of Fuel on the Euro Zone's Fire
Wall Street Journal 11/29/2011
Gap in Competitiveness Weighs on Europe, Analysts Say
New York Times 01/15/2012
Sarkozy and Hollande economic policy measures and France's economy 2012-2014
04/17/2012
Grouped Articles
France Goes Against the Euro-Zone Flow
Wall Street Journal 04/18/2013
Wall Street Journal 05/29/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
France Says It Will Miss Budget Deficit Targets
Wall Street Journal 09/12/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
French Cabinet Is Dissolved, a Victim of Austerity Battles
New York Times 08/25/2014
Wage flexibility by labor unions in France as part of an effort to improve competitiveness and reduce unemployment
10/28/2006
Sarkozy, Hollande and the unions are in agreement on adopting some aspects of what Germany did to reduce high unemployment in the last decade- adjusting wages and benefits in recessionary periods to avert layoffs. The German "kurzarbeit" program is more elaborate and France has to make more progress to adopt that type of arrangement, but the direction is clear and has popular support in France in 2012-2013.
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Contrasting approaches of France and Britain in tax policies and foreign investment
07/10/2012
Higher tax rates in France and Hollande's call for the French to see this as a form of patriotism by contributing to reduce the public debt. Britain's Cameron takes a different approach by reducing taxes. Cameron's remark about a red carpet for foreign investment is taken by Hollande as a form of British humor.
Grouped Articles
Wall Street Journal 05/29/2013
Wall Street Journal 06/26/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Tax rates in Britain: François Miliband
Economist 02/04/2014
France Tries to Tempt In More Foreign Investment
New York Times 02/17/2014
In U.K. Visit, Hollande Urges Unity to Cut French Debt
Wall Street Journal 07/10/2012
Frances's president Hollande's plan for investment in education and Shiller's metaphor of "winter on the family farm"
05/19/2012
Shiller evaluates the Hollande plan using the Salant-Samuelson balanced budget theorem and shows that it would increase national income by the amount of the tax on higher incomes. It would create a more productive economy with investment of the type that occurs in winter on the family farm.
Grouped Articles
New York Times 04/13/2013
Wall Street Journal 05/29/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
European Union Blinks in Budget Battle With Italy and France
New York Times 10/28/2014
How National Belt-Tightening Goes Awry - Economic View
New York Times 05/19/2012
Competitiveness of France's economy- 2010-2014
10/28/2006
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
Hollande Boosted by French Growth
Wall Street Journal 08/15/2013
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
German Optimism Depends On Spanish Deficits
Wall Street Journal 09/25/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Competitiveness of France- lessons from the German experience of labor-industry and government cooperation 2000-2010
10/28/2006
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Germany's Secret Economic Weapon: a Vast Export Network
Wall Street Journal 11/19/2013
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
The Human Disaster of Unemployment
New York Times 05/12/2012
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