SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (837875)3/21/2015 2:37:00 PM
From: tejek  Read Replies (1) of 1577793
 
That's right. France didn't implement austerity measures until 2013 [and then reversed course in 2014] like its Euro neighbors but the austerity budgets of its neighbors has hurt its economic prospects:

Introduction From 2010 to 2013, the French strategy for coping with the economic crisis was slightly different from those of Spain, Portugal or Greece, where 60 to 80 per cent of deficit-reduction efforts were made through cuts in public spending. France’s initial political decision was to focus on raising taxes rather than drastically cutting public spending.

France has undoubtedly been affected by the economic crisis, even if the media have put more emphasis on the impact of the crisis on neighbouring countries. In 2009, France’s GDP shrank by 3.1 per cent, compared with 2008.1 It recovered slightly in subsequent years, but France officially entered into recession in the first quarter of 2013 after its GDP decreased for the second period in a row by 0.2 per cent.2 The French government expects zero per cent growth in 2013 at best. The main consequences of the economic crisis in France have been seen in unemployment, lower purchasing power, an increase in public debt, and the impacts of austerity measures.

Despite the criticism of European austerity policies by French President François Hollande (and before that by Nicolas Sarkozy) and his calls to promote growth in Europe, France has gone through several rounds of austerity measures since 2010. 2013 saw the government begin to follow the traditional austerity measures recommended at EU level, with new taxes and massive cuts in public spending.



oxfam.org





Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News