An Economic Recovery May Save Hollande’s Presidency

France’s recession is officially over, as newly released economic data showed a surprising return to growth in the second quarter. The national economic statistics agency, INSEE, reported that the French economy grew by 0.5% between April and June, its best showing in the last two years. The unexpected boost was attributed in large part to […]

“Social Conference” Tackles Unemployment, Economic Stagnation

President François Hollande launched the second annual “Social Conference” on June 20 at the Palais d’Iéna in the 16th arrondissement of Paris. While last year’s meeting included the initiation of promising plans for “Generation Contracts,” a competitiveness pact, and future job growth, the discussion this year was focused around unemployment and continued economic weakness. The […]

French Unemployment Rate Reaches All-Time High

French Labor Minister Michel Sapin released March’s job figures Thursday, April 25, which showed that Europe’s second largest economy is continuing to flounder during the economic recession. The unemployment rate reached 3,224,000, the highest yet for France. This latest joblessness figure surpasses the previous record high in January 1997 by nearly 30,000 unemployed citizens. This […]

What You Missed in March

The end of diesel? Debate around car industry (March 3) French ministers are debating raising taxes on diesel.  The 18 cent difference between a liter of gas and diesel—and World Health Organization reports about the carcinogenic effects of diesel—have deterred the government from wanting to continue support of the industry.  The projected 7 billion euro […]