French Economy Misses Growth Target in 2013 while Deficit Remains High

Yesterday, before the European Commission releases its economic forecasts for the 2013 fiscal year today, President Francois Hollande announced that France would not meet its economic growth target for the coming year. However, he assured the public that France would not increase austerity measures. The .8 percent target growth was well beyond the realm of […]

Cour des Comptes Urges France to Review Unemployment Benefits

In the midst of the Euro zone crisis, France faces its own economic problems. The country’s state audit office, the Cour des comptes, has urged the government to review the funding of unemployment benefits for French citizens, saying that the current system is “unsustainable”. The Cour des comptes labeled the benefits as costly and ineffective, […]