France ‘not sick man of Europe’, says Paris

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Series Details 15.11.12
Publication Date 15/11/2012
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Report of a FT interview with Pierre Moscovici, the Finance Minister of France, November 2012. He said that “France is not the sick man of Europe. France remains the world’s fifth largest economic power that has all its resources but which needs to recover its competitiveness”.

Recent forecasts of weak French economic performance from the EU and the International Monetary Fund have fuelled fears that the country could exacerbate the eurozone recession if President François Hollande’s six-month-old government does not enact structural reforms similar to those underway in Italy and Spain.

Related Links
France24, 15.11.12: France avoids eurozone recession in third quarter http://www.france24.com/en/20121115-france-germany-resists-eurozone-recession-third-quarter-q3-economy
ESO: Background information: Hollande moves to reassure doubters http://www.europeansources.info/record/hollande-moves-to-reassure-doubters/
EurActiv, 16.11.12: Ayrault seeks to allay German worries over French economy http://www.euractiv.com/euro-finance/ayrault-seeks-allay-german-worri-news-516082
Deutsche Welle, 13.11.12: Berlin worries about sluggish French economy http://www.dw.de/berlin-worries-about-sluggish-french-economy/a-16378213

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