Detail An Inconvinient Truth; The French Election   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8778 (Mar. 2012), page 29-32. Topik: Economic Turmoil; Financial Crisis; Public Debt Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Today France continues to behave as if it enjoyed Sweden's or Germany's public finances, when in truth they are closer to those of Spain. Although France and Germany have comparable public-debt levels, at over 80% of GDP, Germany's is now inching downwards whereas France's is at 90% and rising. One rating agency has already stripped France of its AAA credit rating over worries about high debt and low growth. The country's auditor, the Cour des Comptes, chaired by Didier Migaud, a former Socialist deputy, has warned that unless "difficult decisions" are taken this year and next on spending, public debt could reach 100% by 2015 or 2016. The underlying problem is that, over the past ten years, France has lost competitiveness. In 2000 hourly labour costs in France were 8% lower than those in Germany, its main trading partner; today, they are 10% higher (see chart 2 on next page). French exports have stagnated while Germany's have boomed. An employer today pays twice as much in social charges in France as he does in Germany. France's unemployment rate is 10% next to 5.8% in Germany--and has not dipped below 7% for nearly 30 years. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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