Hatoful Boyfriend (Pigeons and love?) - MetaDating ep. 1
Markit PMI index of purchasing managers in the French manufacturing remained locked in crisis in November 5 to 44 and is now the lowest in the eurozone after Greece.
The figures are shocking, said the strategist Nicholas Spiro Sovereign Debt France is sailing dangerously close to the wind for a while, but is now in outright contraction tipping.
The French car manufacturers CCFA Committee said it was the worst year for the French automotive industry since 1997 - and for nearly half a century in total - with little chance of recovery next year paris pushes through scorched earth fiscal tightening 2pc of GDP to meet EU deficit targets.
French car sales fell 28pc in November from a year earlier, down with Citroen and Renault down 26pc 33PC foreign brands belonging to the State fell to just 7 9PC The middle class, who tend to buy French standard cars between 10 000 and 20 000 has been particularly badly hit by the crisis, said François Rondier of CAFF.
The severity of the fall stunned analysts and suggesting that France was finally engulfed by the festering crisis in the whole Mediterranean region.
The country has been bouncing along at almost zero growth for a year and a half, but managed to keep out of technical recession, in part because he was cocooned by a Leviathan state and put off tough decisions .
The economy appears to have buckled suddenly in the fall, Sheding more than 40,000 jobs per month Unemployment reached a high euro era 10 7pc.
The French car industry is still a mainstay of the economy, employing 400,000 workers, but lost market share at a rapid pace over the last decade output has increased from 3 to 5 million vehicles in 2005 to almost of 2 million this year, the country became a net importer of cars for the first time in living memory there four years.
Paris bailed Renault and PSA Peugeot Citroen in 2009 with low-interest loans, and had to intervene again in October with 7 billion in guarantees for Peugeot in exchange for seats on the board, and reduces redundancies in France.
Peugeot has lost 200 a month mainly because it remains focused on the domestic market, the production of its vehicles 40pc in French factories.
It is to close its Aulnay plant near Paris in 2014 and reduce the workforce of 8000, prompting an abusive attack by the industrial recovery minister Arnaud Montebourg lack of patriotism Each redundancy costs almost 150,000.
Renault and Peugeot are scrambling to expand overseas, but is not big enough to compete with giants such as Volkswagen Annual production of 6 million vehicles is considered the minimum for economies of scale and survival long-term.
Julian Callow from Barclays Capital said the automotive industry of France was slowly strangled by a 15pc increase in unit labor costs against Germany since the launch of the euro.
While Berlin has pushed through reforms Hartz IV labor - and Volkswagen cut wages and lengthened hours - costs leave French crawl for year after year.
Eric Dor School of Business IESEG Lille said France is hanging too long in a high tax dirigiste model - the state spending nearly 56pc of GDP - but also made a hash of globalization The Germans top quality cars exporting China and the BRICS well as French cars are not unique to this market at all.
There was a huge difference in the strategy Germans outsourced low-value-added parts to Eastern Europe, but continued to assemble cars in Germany itself When the French relocate in emerging markets they spend all production, losing all the value added and employment, he said.
The International Monetary Fund said that France is losing share of world exports at an alarming rate and is too dependent on low to medium technology products facing competition from emerging economies He warned last month that the country risks drag behind Spain and Italy, they grasp the nettle of reform.
Efforts to attract foreign investors are not helped by threats to nationalize the ArcelorMittal steel operations in Lorraine, a move described by the French business lobby MEDEF simply outrageous.
We're encouraging French in the belief that they live on a different planet from the rest of the world, said President of Laurence Parisot group.
Re-industrialization in France is not possible without the trust of investors, especially foreign investors, we must not let this fear them, she said.
François Hollande declined last week with a compromise formula, but the saga raises serious doubts about its willingness to play by market rules.
M. Hollande has promised to push through a package of reforms and tax cuts proposed business last month by industrialist Louis Gallois but it is feared that it may swerve to the left again as he reaches hand the French Communist Party to pass legislation in the Senate.
CEO Paul Polman of Unilever France compared to North Korea and Cuba in a recent dispute over the closure of a tea factory.
We want to continue to invest in France, but we have to adjust our production to a company to stay alive and create jobs, it must be ready to adapt to a changing world and close uncompetitive mills, he said.
loops of the French economy as car sales slump, French, economics, sales.
Салис - Сан-Паулу, Бразилия