The French National Assembly elections has ended, the leftist resulting power, not only has the President, Prime Minister, also occupies an absolute majority of seats in the Senate and National Assembly. French Prime Minister Eero left in the National Assembly majority to enable the Government to further the implementation of presidential policy agenda, but he acknowledged that in recent years, the French economy in decline, a lot of work put in front of the new government, in particular, is to restore a balanced budget, restore economic growth and employment.
French media pointed out that, although the left-wing would be all powerful, but the difficulty has only just begun. Ruling at the beginning of the same five years ago, Nicolas Sarkozy government, compared to France's economic situation more severe.
First, France has to bear the huge fiscal deficits and debt. In 2011, the French budget deficit reached 103.1 billion euros, accounting for 5.2 percent of gross domestic product (GDP), public debt accumulated up to more than 17,000 million euros, accounting for 85.8 percent of GDP, are much higher than EU standards.
Second, France's weak economic growth. The previous government is expected to France this year, economic growth rate was 0.7 percent, Fran?ois Hollande, the new government is expected this year's economic growth may be 0.5%, while the Bank of France is expected the French economy in the second quarter and first quarter of the same, to maintain zero growth, the annual economic growth rate ability to reach 0.5% is still unknown.
Third, the French high unemployment. French employment center data show that the number of unemployed in France in March this year, the 11th consecutive monthly rise, the local number of unemployed increased to 2.8845 million people, reaching the highest level since September 1999. French National Federation of Industrial and Commercial Employment (UNEDIC) predicted that France this year, the number of unemployed will increase by 21 million people.
Fourth, the French international competitiveness continues to decline. Relevant statistics show that the French labor costs for the past decade increased by 39.2 percent, declining export enterprises, 2011 France the number of export enterprises to 117,000, from 130,000 in 2000, a decrease of 11%. French foreign trade deficit in 2011 reached 70 billion euros, a record high. The crisis in the French "de-industrialization" has increased the past three years, France has more than 900 factories closed, manufacturing loss of more than 100,000 jobs. Government after the parliamentary elections, going on to deal with difficult layoffs of many enterprises.
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