Doing So-So; The Economy  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 405 no. 8811 (Nov. 2012), page SS5-SS7.
Topik: International Finance; Economic Planning; Manufacturers; Competition; Regulatory Reform

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.74 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Since the euro began life in 1999, the French economy has performed neither brilliantly nor disastrously but somewhere in between. It has certainly not done as well in recent years as Finland, Germany or (outside the euro) Sweden. But it has not sunk as far as Italy and Spain, let alone Greece, Ireland and Portugal. And it suffered far less in the 2008-09 financial crisis than Britain did. Within the euro zone, the country with perhaps the closest economic record to France's is the Netherlands, which has also lost competitiveness against Germany--but the Dutch still have a large current-account surplus. In fact the French economy has been deteriorating for many years and this has simply become more obvious since the arrival of the euro, which precludes the tempting cure of devaluation.

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