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French Policies Weakening Economy (For a total in depth analysis of France, its economy, products, and everything else, visit the CIA’s website on France by clicking HERE) The International Monetary Fund said in a report Nov. 13 that France needs to sharply restrain spending and enact deep budgetary and labor reforms. France's problems, however, run far deeper than an inflationary budget policy. The government's policies are weakening the French economy across multiple sectors in a pattern that is being repeated across Europe. Pressed by shrinking tax revenues caused by Europe's stagnant economy, the French government has temporarily abandoned its efforts to meet deficit reduction targets enshrined within the EU's 1992 Maastricht Treaty on Monetary Union. Instead, France plans to increase its deficit spending in an attempt to stimulate growth, with no spending cuts under consideration until at least 2004. Were the mounting deficit -- which the IMF predicts will reach 2.6 percent of annual GDP this year -- France's only economic problems, Paris could rest easy. For example, Washington's 2002 deficit spending package is partially credited for speeding the American recovery from last year's recession. But the United States has a very flexible and resilient economy. France doesn’t! For a further indication of a failing French economy, click HERE For a GREAT in depth analysis of France, its economy, products, and everything else, visit the CIA’s website on France by clicking HERE
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Due to the extensive scope and breath of coverage pertaining to the power grab of the “Franco-German Axis,” the Boycott Network recommends use of their special subject index by clicking HERE |
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To view the Boycott Network’s “Super Index” of boycott information hosted on this website, click HERE |
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If your long distance is costing more than 3.9 cents a minute and you live in one of the old “Bell Operating System” areas, you’re simply overpaying! If you are one of these individuals, click HERE to see how quick and easy it is to switch to the 3.9 cent per minute long distance rate!
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