Moody’s Remains Skeptical of Hollande’s Economic Policies

Credit rating giant Moody’s has decided to maintain France’s credit rating as Aa1 or AA+, the second highest rating on its credit scale. The stability of the credit rating came after France’s economic policies underwent their first major test of the year in the markets on January 24. Moody’s outlook, however, is tinged with a […]

Bonnets Rouges Fight Against Unpopular Eco-tax

A movement calling itself the bonnets rouges (red caps) has emerged in France in the last month, in response to the impending establishment of the eco-tax. The group’s name refers to a very well known a revolt in Brittany – and symbol of the fight against taxes and for social equality – during the reign […]

The Eco-tax: What is it and why is it so unpopular?

In recent weeks, violent protests over the impending eco-tax have taken place throughout France. Riot police clashed with protestors, some even firing teargas in an effort to control the crowd. What is this tax and why is it causing such a large outcry from the French population? On October 21, 2008, an important piece of […]

IMF Report Predicts Modest Recovery but Worsening Unemployment

In an official report on Tuesday, the International Monetary Fund (IMF) forecast a modest return to growth for France in 2014 while warning that unemployment would continue to rise, and advised the French government to ease its deficit reduction measures. In its review of the French economy—the Eurozone’s second largest after Germany, with a GDP […]

France, Europe’s Second Largest Economy, Officially in a Recession

The recent announcement by the INSEE (National Institute of Statistics and Economic Studies) that France is “officially” in a recession has the French wondering just how serious the economic situation has become. Investment and exports are both on the decline, and household consumption is at its lowest in the past thirty years. All together the […]

Hollande to Launch Ten-Year Investment Plan to Boost Economy

French President Francois Hollande has announced a ten-year investment plan as part of an effort to breathe life into France’s to ailing economy. The main beneficiaries of the 20 billion euro ($26 billion) plan will be the infrastructure, clean energy, health, and healthcare technology sectors. In the announcement, Hollande reiterated the three main priorities for the upcoming […]

What remains of our “Douce France?”: Ipsos Survey Reveals Divisions, Concerns

The new Ipsos survey for Le Monde, “France 2013: les nouvelles fractures,” undertaken by Science Po’s Political Studies Center and the Jean Jaurès Foundation, enunciates the various contradictions and concerns that characterize French public opinion. The survey makes use of the quotas method, and has been answered online by a sample of 1016 individuals, aged […]

French Employers, Unions Reach Labor Agreement

In an unprecedented and surprising move, French employers and labor unions reached an agreement on Friday, January 11 that is expected to bring major reforms to a heavily burdened and recession-bruised French labor market. Reuters reports that the proposed reforms will address concerns “often cited by credit ratings agencies” that the French work force is […]