Aug 17 2014
Why change a policy that does not work? Growth may well be zero, François Hollande 1s'en lies in the roadmap that has set December 31, 2013 and he subsequently clarified on January 14. At the 70th anniversary of the landing in Provence2 Friday it has raised the wrong digit INSEE indirectly, a sentence at the conclusion of his speech at the memorial of Mount Faron on "France, fifth economic power world and that means in its reforms, remain at that level. "
All indicators are nevertheless a potential worsening of the situation. GDP stagnated in the second quarter, as it had done in premier.3 Industrial production fell 0.5% between March and June. Business investment fell 0.8%. The trade deficit is still in the red and unemployment continues to rise and reaches 10.1% of the workforce. In early summer, Manuel Valls 4puis Hollande had also anticipated this deterioration, the head of state even evoking, August 4, "a real risk of deflation." The never-seen with the president, who had not abandoned his optimism for his now famous "recovery, it is" of 14 July 2013 …….
But … this brutal return to reality will apparently not impact the program returned from the executive. This is the conclusion of the workshop that were formed Holland and Valls midday Friday at Fort Brégançon5. For a little less than three hours, lunch melon-rib-including fruits, they sought how to maintain their course "with insight and fighting," said a presidential adviser. Sylvie Hubac, Chief of Staff at the Elysee, Gilles Gateau, Deputy Chief of Staff at Matignon and social advisor, and Gaspard Gantzer, head of communication of the Head of State, joined them for coffee. Upon his return
Hyeres, Manuel Valls said he was not surprised by the growth figures. "I myself had said on August 1 that we were going to have a difficult re-entry, he has said. I want to tell the truth to the French, I'm not here to hide the reality. "The Prime Minister said that" far too low growth "called further reform" as well as initiatives for investment in European ". New lunch
The government has yet to plead his case once at the summit to install the new européenne6 Commission, on August 30. The Minister of Economy, Michel Sapin7, set the tone in an article published by The Mondedaté August 15 where he tries to show "why we must refocus European economic policies." "France will not reach its goal this year in terms of its fiscal deficit despite total control of our spending," he laments. He believes that GDP growth "should be of the order of 0.5%" in 2014, instead of 1% under the amended Finance Act and adds: "There is no reason at present to predict 2015 is much higher than 1% growth. "
only source of consolation, the executive seems to preclude any further increase the tax burden," as was the case in the years 2010 to 2013, with the now known in terms of household purchasing and reduced investment capacity of enterprises' power effects, writes Michel Sapin. The Minister of Economy fails to mention that the levies have increased at a rapid pace since 2012 and have not dropped since. He does not say, either, what 'alternative measures' will restore two devices censored by the Council constitutionnel8: relief of employee contributions and lower taxes on jobs at home. A counselor
Holland confirms that the topic was discussed over lunch at Brégançon. They also talked about the "tax act" waited for the start but, according to the president's entourage, "has not yet been finally adjudicated." They returned on sites already programmed, including the revival of learning and the construction of housing. And, of course, discussed the situation in Iraq and Ukraine.
The tax and benefit package should be ready no later than the submission of the draft budget 2015 Cabinet in late September but the executive n did not intend to stay silent until then. Cabinet re-entry will be next Wednesday and the day before, Francois Hollande, and Manuel Valls have lunch together once again to study the timing of announcements and develop a communication strategy to show that, in adversity, they are more united than ever.