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French economy

Upbeat Sarkozy hails 'year of renewal' in annual address
31/12/2009 - FRANCE

Upbeat Sarkozy hails 'year of renewal' in annual address

In his traditional New Year's Eve address, French President Nicolas Sarkozy said he would shake up the country's pension system and put forward a revised version of his flagship carbon tax in 2010, which he predicted would be a "year of renewal".
French public debt exceeds 75% of GDP in third quarter of 2009
30/12/2009 - FINANCE

French public debt exceeds 75% of GDP in third quarter of 2009

According to the national statistics office INSEE, French public debt rose again in the third quarter of 2009 to hit 1,457.4 billion euros, a record level which amounts to 75.8% of GDP.
French market regulator clears EADS executives of insider trading
18/12/2009 - FRANCE

French market regulator clears EADS executives of insider trading

France’s financial market watchdog (AMF) said Thursday that its three-year investigation into Franco-German aeronautics giant EADS had found no proof of insider-trading.
French national debt: the grand loan, the big tax ?
15/12/2009 - FACE-OFF

French national debt: the grand loan, the big tax ?

Nicolas Sarkozy announced on Monday that the French government will invest 35 billion euros in five major areas, including universities, research, green energies and digital economy. 13 billion of this national loan will come from the reimbursement of money borrowed by French banks during the financial crisis. The opposition accuses the government of further damaging public finances. Is today's big loan tomorrow's big taxation?
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Senate rejects move to end VAT discount for restaurants
24/11/2009 - FRANCE

Senate rejects move to end VAT discount for restaurants

French senators have rejected an amendment that would have forced the catering industry to bring value-added tax (VAT), currently standing at a discount rate of 5.5 percent, back to the standard rate of 19.6 percent.
European Commission to ask France to slash public spending
09/11/2009 - BUSINESS

European Commission to ask France to slash public spending

A report set to be approved by the European Commission recommends that France step up efforts to shrink public spending in response to the country’s structural deficit and exploding debt.
France’s national loan: How much is too much?
06/11/2009 - FACE-OFF

France’s national loan: How much is too much?

How much should the French national loan be? The majority thinks that anything above 50 billion euros would be too much but it depends on what the funds are for...
French government rushes to farmers' rescue
27/10/2009 - FRANCE

French government rushes to farmers' rescue

After a wave of protests by angry farmers across the country, the French president, Nicolas Sarkozy, has unveiled an unprecedented 650-million-euro aid package to help the industry out of its worst crisis in thirty years.
Life turns sour for French dairy farmers
16/10/2009 - REPORTERS

Life turns sour for French dairy farmers

Milk producers across Europe have been hit hard by falling prices. A group of French dairy farmers tell FRANCE 24’s Nicolas Ransom about their everyday struggle to make ends meet.
FRANCE
Deficit to hit record 8.5% of GDP in 2010
The French government vowed to continue its stimulus effort as it unveiled its latest budget Wednesday. Public deficit will grow to a record 8.2% of GDP this year and 8.5% in 2010, by which time public debt will have reached 84% of national output.
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