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davidg

Hollande Is The Worst French President Since Gamelan

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Just as Britain is seeing the green shoots of recovery it is all going very very Pete Tong just the other side of the channel where the country is threatened with "economic relapse". However France's misery could be the UK's pain in the run up to the 2015 elections as the IMF warns of "significant contagion for surrounding states” if French growth stalls. The jobless rate will rise yet further to 11.6pc in 2014 and will not drop below 10.6pc within Mr Hollande’s five-year term scotching his promise of reversing the rise in jobless by the end of 2013. French taxes are among the highest by international standards and have a negative effect on investment and job creation.

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Ooh la la: French Unemploment

Hollande has been dubbed the “Gamelin of economic war”, a reference to the general who oversaw the rout of France by the Germans in WWII.

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The promises were all so easy in 2012

In the Euro France has seen a chronic erosion of labour competitiveness against Germany due to higher wage deals. Pay has risen 53pc in France and 35pc in Germany since 1999. French hourly wage costs are now 5pc higher at €36.40, even though German productivity is better. More worryingly France is now losing ground to Italy and Spain as they shake up their systems or cut wages.

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angry French voters

From January 1999 to April 2013, French production decreased by 11.4pc while German production increased by 32pc. According to Eric Dor of the ESEG business school in Lille, "Profitability is so low that there is no incentive to invest. It is very worrying"

http://www.telegraph.co.uk/finance/financialcrisis/10224099/IMF-sees-no-end-to-French-jobless-crisis-this-decade.html

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France's misery could be the UK's pain? I am somewhat sceptical about that. What discretionary products or services does the UK export to France in significant quantities? I suspect that most economic interaction between France and the UK consists of British tourists spending money in France, and French millionaires coming to the UK to escape France's punitive tax regime.

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How many french are on disability?

How many french are in university doing non-degree's?

How many french are 'self employed' (actually doing nothing) and receive 'working' tax credits, housing benefit and council tax benefit (or the french equivalent)

How many percent of GDP is the french deficit? It must be subtracted from GDP to find organic growth.

I dont think the french are doing well, probably still better than us once you take away the hubris.

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So if Britain does better, France must be doing worse?

What does France actually 'do'?

I honestly can't remember the last time I bought something that was made in France.

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What does France actually 'do'?

I honestly can't remember the last time I bought something that was made in France.

That reminds me. Nice bottle downstairs. Must be time for a glass and a bite to eat.

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What does France actually 'do'?

I honestly can't remember the last time I bought something that was made in France.

You might not even be aware. Huge amount of the Uk building materials supply sector has been gobbled up years ago.

Just one french company - Saint Gobain.

.......

Construction Products

The Construction Products sector includes the insulation, pipe, industrial mortars, exterior products and gypsum activities.

Insulation

Saint-Gobain Isover

Saint-Gobain Cultilene

Gypsum

Artex

British Gypsum

Formula

Gyproc

Saint-Gobain Ecophon

Pipe

Saint-Gobain PAM

Industrial mortars

Weber

Innovative Materials – Flat Glass

The Flat Glass division produces flat glass, processes and distributes glass for the construction and automotive markets and produces specialty glass, including products for home appliances, fireproof glass and glass for electronic applications.

Saint-Gobain Glass

Saint-Gobain Sekurit

Glassolutions

Swisspacer

Vetrotech

Quantum Glass

Innovative Materials – High-Performance Materials

High-Performance Materials focus on products for industrial and construction markets. Its expertise lie in three families of materials: mineral ceramics (ceramics, grains, powders, abrasives and crystals), performance polymers (performance plastics) and glass fabrics (textile solutions).

Ceramics

Saint-Gobain Industrial Ceramics

Plastics

Saint-Gobain Performance Plastics

Saint-Gobain Performance Plastics Ireland

Saint-Gobain Performance Plastics Rencol

Saint-Gobain Performance Plastics Tygaflor

Abrasives

Saint-Gobain Abrasives

Textile solutions

Saint-Gobain Technical Fabrics

Building Distribution

The Building Distribution sector is Europe’s leading distributor of building materials and the number one distributor of tiling in the World. In the UK and Ireland, the Building Distribution division has over 900 sites, including general and specialist merchants, plus distribution and logistics operations.

Architectural Ironmongery

George Boyd

Decorative Surfaces

International Decorative Surfaces

The Makeover Centre

General Builders Merchants

Easter Ross Building Supplies

First Stop Builders Merchants Ltd

Gibbs & Dandy

J.P. Corry

Jewson

Normans

Parkhead Building Supplies Ltd

Roger W.Jones

Chadwicks

Insulation and drylining

Minster Insulation and Drylining

Pipeline, drainage and waste solutions

Ashworth

Frazer

Plumbing, heating and sanitaryware

Bassetts

Domestic Heating Services (DHS)

Graham

Ideal Bathrooms Ltd

Neville Lumb

Sustainable solutions and water conservation products

Greenworks

Tiles

Ceramic Tile Distributors

Swedecor

The Makeover Centre

Tile Base

World's End Tiles

Timber

Calders and Grandidge

International Timber

Kantor Ltd

Pasquill

PDM

Tyneside Timber

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You might not even be aware. Huge amount of the Uk building materials supply sector has been gobbled up years ago.

Ah, so they're buying up foreign companies so they don't need to expand in France? That makes sense.

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What does France actually 'do'?

I honestly can't remember the last time I bought something that was made in France.

They sell us our own electricity and water back to us, dont they?

Oh, and lightbulbs for cars as well, i think. And maybe tires.

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Ah, so they're buying up foreign companies so they don't need to expand in France? That makes sense.

Yes, same as the germans - infrastructure, transport, energy supply and all the materials that support those, across most of europe.

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I've been through it many times :lol:

Couldn't help remembering this joke. Apologies.

"Liverpool. It's the a***hole of the world."

(Liverpudlian): "Been there often then, have yer?"

"Yeah. Quite a few times actually."

(Liverpudlian): "Just passing through, like?"

"Well ... yeah ..."

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