How Brussels’ medicine is killing the ‘French patient’

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Series Details September 2014
Publication Date 24/09/2014
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France has some supply-side problems: very high non-wage labour costs deter employment; and parts of the service sector urgently need an injection of competition. But these are secondary to those of its problems that stem from self-defeating austerity and chronically weak domestic demand elsewhere in the eurozone. Without change to the latter France could yet come to justify the ‘sick man of Europe’ tag.

Source Link Link to Main Source http://www.cer.org.uk/insights/how-brussels-medicine-killing-%E2%80%98french-patient%E2%80%99
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