“As Victor Hugo once proclaimed, we have not yet done with being French”, declared Marine le Pen, launching her presidential campaign in Lyon on 4th February.
France badly needs economic reform. But we shouldn’t let negative news headlines blind us to the fact that the French economy has tremendous potential and that, provided a small number of important but feasible policy changes, it can do very well.
Public administrations are fulfilling their role perfectly in going into debt because this finances projects that could not be undertaken by the private sector.
Corporate taxation continues to slow down economic recovery in France despite the CICE, a tax credit meant to encourage competitiveness and employment.
We are living in exciting times, with a whole series of beliefs and certainties being called deeply into question. With a never-ending crisis upon us, many economists admit they feel perplexed as they face a situation they have trouble explaining and remedies that are proving ineffective.