Friday, September 21, 2012

France's Buyer's Regret

Not so hot on Hollande any more.
France is mired in a stagnating economy. The private sector is under pressure, auto manufacturing is heading into a depression.

Unemployment hit a 13-year high of 10.2 percent, leaving over 3 million people out of work.

Youth unemployment of 22.7 percent, bad as it is, belies the catastrophic jobs situation for young people in ghetto-like enclaves, such as the northern suburbs of Paris.

Gasoline and diesel prices are hovering near record highs. So there are a lot of very unhappy campers.

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