January 20, 2014
French Socialists Finally Get It, Will Team Obama?
Paul Gregory, Forbes
The Associated Press
Despite steady increases in public spending, France has averaged a zero percent growth rate since 2007 and currently is either not growing or, worse, slipping into a double dip recession. Hollande may have wanted to try his own stimulus, but France cannot borrow for an Obama-sized spending program with public spending already accounting for more than half its two trillion economy. That is unless France wants to be the next Greece.
TAGGED: Francois Hollande, France