January 9, 2013

France Can No Longer Afford Not to Reform

Sydney Morning Herald, Sydney Morning Herald

AP Photo

France is losing 50,000 jobs a month. Entrepreneurs are exiting in droves. Companies are shedding staff. The French automotive industry is under dire stress. Yet instead of tackling the deep structural problems in the French economy the new Socialist President, Francois Hollande, has decided to wage a class war against "the rich."

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TAGGED: Francois Hollande, Gerard Depardieu, Eurozone, Europe, France

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