France a Nobel Laureate and yet in Decline?

France, 09 Oct – 22 Oct 2014

Government: „reforms are no courtesy, but simply the right thing“ ++ Nobel Prize surprise for Frenchmen ++ Right-wing intellectual in doubt about French virility.
by Matthieu Choblet

Government: „reforms are no courtesy, but simply the right thing“

The French government is pursuing its intention to implement decisive changes in the French economic and social framework. Its latest concerns: the unemployment insurance fund is in deficit of 3.8 bn. Euros in 2014 and the national budget is deep in the red as well, despite of renewed budget cuts. As a consequence, the European Commission is pressuring France to reduce its unemployment benefits. New Minister of the Economy Emmanuel Macron took this opportunity to announce a new reform, notwithstanding that the unemployment benefits were already overhauled in July this year. “No taboos!”, insisted Macron, who joined the government in August and plans to minimise the length and scope of the benefits.