davidg Posted August 6, 2013 Share Posted August 6, 2013 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. 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. 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. 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 Link to comment Share on other sites More sharing options...
EUBanana Posted August 6, 2013 Share Posted August 6, 2013 Good old Doombrose. Link to comment Share on other sites More sharing options...
zugzwang Posted August 6, 2013 Share Posted August 6, 2013 48 hrs to save the euro? Link to comment Share on other sites More sharing options...
Thatcherschild Posted August 6, 2013 Share Posted August 6, 2013 Economic prolapse, more like Link to comment Share on other sites More sharing options...
The Ayatollah Buggeri Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
Spork of Damocles Posted August 6, 2013 Share Posted August 6, 2013 ...once you take away the hubris. Have you been to France? Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 6, 2013 Share Posted August 6, 2013 Have you been to France? I've been through it many times Link to comment Share on other sites More sharing options...
okaycuckoo Posted August 6, 2013 Share Posted August 6, 2013 So if Britain does better, France must be doing worse? We all go down together. Link to comment Share on other sites More sharing options...
MarkG Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
Deckard Posted August 6, 2013 Share Posted August 6, 2013 French Cross Rhine for Work to Escape 10% Unemployment Link to comment Share on other sites More sharing options...
porca misèria Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
onlyme2 Posted August 6, 2013 Share Posted August 6, 2013 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 Link to comment Share on other sites More sharing options...
MarkG Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
Executive Sadman Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
onlyme2 Posted August 6, 2013 Share Posted August 6, 2013 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. Link to comment Share on other sites More sharing options...
cock-eyed octopus Posted August 6, 2013 Share Posted August 6, 2013 I've been through it many times 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 ..." Link to comment Share on other sites More sharing options...
spyguy Posted August 7, 2013 Share Posted August 7, 2013 He's not. He's just the poor sap left with an empty bit of newspaper after a 30-odd year of pass the parcel. Link to comment Share on other sites More sharing options...
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