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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: regli who wrote (28948)4/29/2005 12:10:03 PM
From: mishedlo  Read Replies (1) of 116555
 
Raffarin says ´international competition´ slowing French economic progress
Friday, April 29, 2005 11:48:52 AM
afxpress.com

Raffarin says 'international competition' slowing French economic progress PARIS (AFX) - Prime Minister Jean-Pierre Raffarin said "international competition is slowing the results" that France is expecting from its economy

Raffarin, who was speaking to chamber of commerce leaders, did not specify what targets are affected

The comments came in the wake of news that France's unemployment rate rose to 10.2 pct in March despite the government's promise of a significant reduction in 2005

Raffarin said there has been a "deceleration in the increase in unemployment" since the beginning of the year

Speculation is growing that President Jacques Chirac will replace Raffarin if the French vote 'no' to the EU constitution on May 29, as polls suggest
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