Downgrade Sparks Criticism from Government and Rating Agency

On November 8, for the second time in less than two years, Standard & Poor’s downgraded France’s sovereign debt rating to “AA with a stable outlook,” according to the agency’s report. France’s rating was last downgraded in January of 2012 from AAA to AA+, when Nicolas Sarkozy was still leading the country. The rating agency’s […]

Titan International Looks to Rescue Amiens Goodyear Plant

Earlier this week, Titan International made an offer of partial reestablishment of the Goodyear site in Amiens Nord. The plan would revive agricultural tire production, bringing 333 employees back to work for the next year. Belonging to Goodyear France, a subsidiary of U.S. firm Goodyear, this site was condemned to close in January following five […]

Hope for Major Fiscal Reform “Buried”

Institution of a major fiscal reform plan was the keystone and fourteenth major commitment of François Hollande’s 2012 presidential campaign. As a candidate, he emphasized the necessity for a “fiscal revolution” overseen by the next executive. The goal was to combine the taxes contributing to social security and absorption of associated debt with the income […]

Valls Divides Parti socialiste on Immigration Policy, Islam

Minster of the Interior Manuel Valls made headlines upon his return from summer break this week as he questioned France’s immigration policy at President François Hollande’s seminar “France in 2025.”  In addition to questioning France’s family reunification policy, his commentary on Islam also made waves, and was a source of conflict amongst members of his […]

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 […]

Moscovici Announces No Limit on CEO Salaries

Setting a limit on the income of the CEOs of public companies was one of the most symbolic and awaited of the propositions François Hollande made during his presidential campaign. The intention was to set the maximum income at 450,000 euros per year, as was published in a government decree July 26, 2012. This initiative […]

New Deal Seeks to Tackle Youth Unemployment

On Tuesday, French President François Hollande announced a Franco-German “offensive” that will bring hope to young jobseekers in Europe. Youth organizations have welcomed the initiative. Andrea Gerosa, the founder of Think Young, a group that lobbies for the interests of young people, expressed her support for the initiative. “The countries where they have a very […]

Hollande Seeks to Rally Support at Press Conference

François Hollande, facing approval ratings of roughly 25%, the lowest of any French president over the past 50 years, and opposition from within his own party, tried to rally support in a press conference last Thursday, May 16. Since his election last year, Hollande’s poll ratings have steadily declined, apart from a brief boost following […]