Nov 29 2013
Promises only bind those who listen to them, said Charles Pasqua and Jacques Chirac in their time. If reverse the unemployment curve is reaffirmed for months – not that we know yet clear whether it can be tenue1 – others were gradually forgotten as events.
Two more years to consolidate public finances
The Head of State came to power with an ambitious goal: bringing the deficit below 3% of GDP in 2013. "To control and reduce the debt of France, the right has doubled in ten years," stated the candidate in his presidential program. The scenario is grippé2: growth not returning, this commitment would have led to drastically reduce spending – what the government was not prepared – and raise more taxes than he did. Austerity that would, it is true, stifled upswing, as was recognized by the major international organizations. So without qualms Francis Hollande3 abandoned its initial goal of reducing deficits and sent his Minister of Economy, Pierre Moscovici, to negotiate in Brussels this road exit. In exchange for a commitment to carry out deep structural reforms to improve the country's competitiveness, the European Commission finally granted a period of two additional years in France – until 2015 – to bring its deficit nails Pact stability. The objective of reversing the curve of the debt therefore also been pushed back to 2015.
Taxes continue to rise
"Nine out of ten French will not be affected by increases fiscalité4": September 27, 2012, in the program "Words and deeds", on France 2, the Prime Minister ensures that only 10% of taxpayers will be affected by a tax increase linked to the draft budget law presented by the government in 2013 no teletrack payday loans. An incomprehensible figure for the French, while taxes have increased by 20 billion this year. The President eventually announce a tax break for 2014. However, the tax burden will continue to grow (3000000000). But some taxes will fall, and other increase … which, before the "overhaul of the tax system," 5 the risk of waking once more disgruntled.
A "recovery" that does not come
The candidate Hollande had built his program on a growth.6 1.7% this year and at least 2% the following. He quickly took him to the evidence. Europe idling, there was no reason why France is so better than others. GDP growth for 2013 has been reduced to 0.9% initially, then 0.1%. But, convinced that its policy would eventually bear fruit, the head of state, the first small cyclical upturn (+ 0.5% in the second quarter of this year), announced the "recovery." Alas, the very next quarter, GDP fell in the red (- 0.1%) 7. And growth at the end of the year, could be sluggish … In short, the expected recovery for months is expected.In as little as 15 minutes you can receive online life insurance quotes without medical exam for coverage up to $500,000.