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Dancing with Danger; France and the Euro
Article from Bulletin/Magazine
The Economist (http://search.proquest.com/) vol. 400 no. 8747 (Aug. 2011)
Business Government Relations
Perpustakaan Pusat (Semanggi)
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Lihat Detail Induk
For the second time in as many weeks, President Nicolas Sarkozy flew to Paris for the day from his holiday spot on France's Mediterranean coast to try to calm the markets. His meeting with the German chancellor, Angela Merkel, at the Elysee Palace on August 16th took place as the panic of recent weeks had given way to mere gloom about the stagnating euro-zone economy. But France itself remains under close scrutiny, after dramatic drops in the share prices of some French banks last week and rumours that the country might lose its cherished AAA credit rating. Just eight months before an uncertain presidential election, and with a tough 2012 budget to finalise, Mr Sarkozy faces the delicate task of squaring his electoral needs with the concerns of investors.
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