Young, Wild, and French: Why Don’t We Leave the Country Straight Away?

A couple weeks ago, the New York Times published an article entitled “The Best Hope for France’s Young? Get Out”, relaying a French controversy triggered by a column published by Libération in 2012, inviting the young French to leave their country and its “gerontocracy”, to find jobs and fresh ideas elsewhere. If there is one […]

May Unemployment Numbers Reveal First Lull in Two Years

On Wednesday, the Ministry of Labor published the official 2013 unemployment figures. For the first time in two years, the unemployment numbers have stabilized. While this is good news—particularly after two years of rising numbers—the Prime Minister Jean-Marc Ayrault continues to maintain a cautionary stance. Having just arrived in Guadeloupe on an official visit, Ayrault […]

Hollande Unveils New Housing Plan

In a weak economy, France utilizes housing measures to alleviate financial pains. During a recent trip to Val-de-Marne, French President Francois Hollande announced that, starting in January 2014, the value-added tax for new social housing construction would be cut to 5 percent from the current 7 percent. This action is an effort to remedy the […]

Rising Hopes for Free Trade Agreement Between EU & US

A few sentences from President Obama’s State of the Union Address were all it took to make the world perk up its ears in interest.  Obama’s call for a free trade agreement between the United States and the European Union is the source of much optimism in France. After twenty years of failed trade agreements […]

Growing Problems for French Car Industry: Peugeot and Renault

With both PSA Peugeot-Citroen and Renault suffering significant financial losses in 2012, the French car industry continues to flounder in the New Year. Both car companies posted poor earnings last year, and Peugeot-Citroen’s earnings took a hit of 5 billion euros (6.4 billion dollars).  Renault, in slightly better shape, announced a net loss of 15% […]