(Click on Image to Enlarge)Graphic: France's struggling economy. Spiegel Online
France Stares Into The Euro-Crisis Chasm -- Spiegel Online
Falling productivity, a stagnating economy and growing debt: France's economic health leaves plenty of room for improvement. Markets have begun to notice and the country threatens to become mired in the ongoing European debt crisis.
When it comes to French economic competitiveness, Guy Maugis has a front row seat. The 58-year-old is president of the German-French Chamber of Commerce and head of Bosch France. Some 8,400 people work in the French subsidiary of the German electronics giant and Bosch France long enjoyed a cost advantage over its parent company. "But we've completely lost it in the last 10 years," says Maugis.
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My Comment: Everyone is taking notice .... and French President Sarkozy is not amused with the "lecturing" that he is now receiving.
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