France’s unemployment rate climbed to the highest in almost 16 years in the third quarter as President Francois Hollande struggles to revive an economy that has barely grown in two years.
France’s economic recovery stalled in the first quarter as tax increases used by President Francois Hollande to cut the budget deficit squeezed consumers.
President Francois Hollande’s attempt to cut France’s budget deficit with tax increases may have boomeranged.
Belgium’s expansion slowed in the first quarter as harsh weather hampered the economy’s recovery from the worst slump in at least six decades.
President Francois Hollande’s 75 percent millionaire-tax is unconstitutional because it fails to guarantee taxpayer equality, France’s top court ruled today.
French business confidence climbed for the first time this year last month and factory output unexpectedly increased in July, suggesting the euro region’s second-largest economy may regain some strength.
French service industry output slumped to a 46-month low and manufacturing fell, adding to indications Europe’s second-largest economy may be in recession.
"What we see next year is inevitable repayments from that period."
- Dominique Barbet on Sep 24, 2014
BNP's Barbet Discusses French Elections, Budget