Recommend Stimulating The Public Sector, Suffocating the Private Sector: A French Dichotomy (Email)

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Moody’s, when it stripped France off its AAA rating, had a laundry list of laments that were a reflection of the awful details seeping from every crack in France’s picturesque veneer: relentlessly rising unemployment, declining production and orders, collapsing automobile sales, plunging home sales.... You’d think France is in a depression. Yet, third quarter GDP edged up by 0.2%. What gives?

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