April 1, 2012

France Is a Country in Denial

The Economist, The Economist

AP Photo

VISIT the euro zone and you will be invigorated by gusts of reform. The “Save Italy” plan has done enough for Mario Monti, the prime minister, to declare, however prematurely, that the euro crisis is nearly over. In Spain Mariano Rajoy’s government has tackled the job market and is about to unveil a tight budget (see article). For all their troubles, Greeks know that the free-spending and tax-dodging are over. But one country has yet to face up to its changed circumstances.

Read Full Article ››

TAGGED: France, Eurozone

RECOMMENDED ARTICLES

April 1, 2012
France: A Country in Denial
The Economist
By ignoring their country's economic problems, France's politicians are making it far harder to tackle them. more ››
March 25, 2012
A World Headed for De-Globalization?
Irwin Stelzer, Weekly Standard
We may be entering an era of creeping de-globalization. It is one thing to be generous with the perceived foibles of your trading partners when your economy is growing and jobs are plentiful. It is quite another to decide to... more ››
March 23, 2012
Poland's Euro Dilemma
Washington Times
Avoiding the fate of Greece means rejecting the euro. more ››
March 19, 2012
Europe's Listless Foreign Policy
The Guardian
The euro crisis brings one risk that financiers do not see: confusingEurope with a currency. The European project has many dimensions, none more important than making Europe count in the outside world. Like the... more ››
March 26, 2012
Can Asian-Style Capitalism Save the West?
Michael Schuman, Time
As you can imagine, the people out here in Asia are feeling pretty good about themselves these days. And why shouldn't they? While the U.S. and Europe struggle with debt, unemployment and sagging competitiveness, most of Asia... more ››