The Economist

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The time-bomb at the heart of Europe
The Economist

Public spending is 57% of the nation’s output Failure to balance a single budget since 1981 Debt-to-GDP is 90% Lost its AAA grade from Standard & Poor’s No new company has entered the CAC-40 stock market index since 1987 Nobody gets fired, unions protest over any reforms Growth has stalled Unemployment is 10% Youth unemployment is 25% Fewer small and medium-sized enterprises than Germany, Italy or Britain The rich are routinely abused and people are instinctively hostile to capitalism Its labour costs are far above Germany Hollande’s approval rating has plunged even faster than Mr Sarkozy’s did in 2007, to below 50% He refuses to really acknowledge France’s economic challenges

C’est presque une description du Québec… Il faut dire que le PQ a toujours vu le Québec comme une colonie française…