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5 Reasons Europe is Headed For a Rocky 2013

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2. France’s President Hollande Is Struggling With a Struggling Economy

Hollande flou

The joyously heralded election of Socialist François Hollande as president has soured amid France’s ongoing economic woes. The country’s gross domestic product is down with its economy barely growing in the third quarter of 2012. The  unemployment rate is at at 10.3 percent and, while not as high as Spain’s and Greece’s, it has been growing for the past 19 months.

Hollande has seen France’s highest legal body overturn his 75 percent millionaire tax, leading to doubts about how quickly France will pull itself out of the crisis. With more than 3 million out of work, he has pledged to reverse the jobless ratewithin a year, whatever the cost.”

 

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96 comments

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7:27AM PST on Feb 4, 2013

Noted..

5:09AM PST on Jan 27, 2013

Very depressing.

7:34AM PST on Jan 17, 2013

Stupid Fools ( Governments and the like ) don't know what to do in a criisis.

11:59AM PST on Jan 9, 2013

Business is failing therefore revenues are failing. Banks have been gambling with our money. THATS why WE are in trouble. The difference is our economy is improving,Europe'a isn''t.

5:46AM PST on Jan 9, 2013

Europe is in trouble because of spending! They have too many handouts to their citizens. We are on the same path!

5:11AM PST on Jan 8, 2013

ty

3:51AM PST on Jan 8, 2013

Nobody is perfect.

10:07AM PST on Jan 7, 2013

Thanks

8:55AM PST on Jan 5, 2013

hmmm

3:28PM PST on Jan 4, 2013

noted thanks

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