Moody’s chief French analyst Hornung: Expects zero French growth in 2013

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Interviewed in Le Figaro.

Hornung? sounds a bit German to me. Just to rub salt into the wound….

  • French economy lacks competitivity
  • French labor market is rigid
  • Expects 0.2% French growth this year
  • French ability to meet deficit goals is in doubt
  • French steps on competitivity insufficient

2 Comments

  1. Good morning Gerry!
    Agree, salt in wounds is one great way, to get competely awake ;)
    Regarding the r├ętrograder as they call the downgrade, one member of german SPD said yesterday, that “To talk France into a crisis is a sure way, to end the Euro”
    I went to the pub and told horror-stories about France:)

  2. @Norbert Behrmann …Yeeeaaaahhh I’m all for that… talk France into a crisis

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