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The end of a production large French industrial power cars Collapse Since joining the Euro.
For many people, the car industry is a key determinant of economic power if you do not produce the car brands that are known all over the world, then you say anything France, once a world leader in the automotive industry, may fall soon elite of a country, as its contribution to global automobile market decreased alarmingly It is one of many signs of how the French economy has become weak with the adoption of the euro a dying industry can be a spark that will set the country on fire; or the European Union.
The industry is a pillar of the economy and it became clear that we can not create the national welfare without is the industry where innovations are developed and the real growth is achieved; growth based on real wealth, not financial transactions is also proved that a strong manufacturing sector prevents a deeper stagnation of economy, who arrived in France.
French industry has been contracting since the adoption of the euro, it has not been able to recover after a 2001 or 2008 crisis because the euro a stronger currency than the French franc would, has become a burden for the economy of France rate floating exchange operates as an indicator of the strength of the economy and as an automatic stabilizer a weaker currency helps to regain competitiveness in a crisis, while a strong currency supports the consumption of foreign goods.
China has been accused of an artificial devaluation of its currency to support exports, while the policy of the ECB has had an opposite effect on the economy of France and some countries of southern Europe the euro has become too strong; while for Germany if he became too weak That is why the common currency has increased consumption and imports in the less productive countries and strengthen German competitiveness and exports Because of the euro France could regain international competitiveness in the global market after the 2001 crisis, so that the industry is slowly dying since.
What we say is not weaken your currency is a way to stimulate a continuous growth The floating exchange rate is a great tool for the bad times, which is very well known in Poland, where there was no recession due to, among others, France and the countries of Southern Europe temporarily weaker currency have just given this tool to the ECB, and they are not able to have a quick recovery as Germany had with a euro undervalued in their case.
Today, according to Eurostat, the industry except construction accounts for 14 1 of the French total gross value added, while in 1995 it was 19 February the EU average is 19 more 3, but Germany 25 9 in addition, the share of industry in total employment in France is only 11 9, also below the average of the EU 15 4 and the level of Germany 18. 8
One of the footprints of French manufacture dying under the rules of the ECB is the collapse of the auto industry According to data from OICA, global automotive production has almost doubled in the 1997-2015 years of 53 million vehicles products per year to 90 million the same time, Germany has increased its car production by 20 to 5 to 6 million in France what happened once the proud producer of beautiful and modern vehicles.
Not surprisingly, car production in France almost halved from nearly 4 million to less than 2 millions And yet, stagnation and collapse occurred just after euro adoption Obviously, France is pursuing a policy very social and the market is severely limited by excessive legal provisions However, unions in Germany are also very strong and yet the manufacturing sector has not collapsed.
A dying industry is a huge problem not only for the French economy, but also for the company's strong revolutionary sentiment extremes can trigger riots, also with a racial background France is one of the largest populations of Muslim immigrants Europe Africa that is still growing jobless France the industry will not be able to offer these people a perspective more industrial stagnation lasts, the more chances are that France one day destroy the common monetary union.
It's not joining the euro, it is more about globalization and the transition to the service economy.
Auto production moves to cheaper areas because it becomes a comodity economy of simple physics.
Jaguar and Rover was sold to India's Tata, Volvo is now under Chinese Geely.
You may like it or not, the world is changing and Western dominance is declining or dying French Adapt customers mainly look at the price and won t pay 20 30 more just for a Made in France.
Suppose you are Carlos Ghosn CEO of Renault Lebanese, the largest car manufacturer in France, why would you produce a Clio in France, where the average employee of the French line costing you more than 4000 euros for the month of week 36 hours and is still on strike.
While you can produce the same car with the same level of quality in one of your plants in Turkey or Romania for a quarter of employees French French cars are sold in many countries and these countries also want their share of production otherwise they will have a better deal with another automaker.
Soon no car will be in France because he won t be competitive economically, just look semiconductor Fabs they are much more complex and expensive than car factories and they are now all in Asia.
Europe and the United States die mainly because of population aging, the world's center of gravity is moving eastward, your nagging won t change anything about it.
BTW, this kind of simple analysis simply reduce the credibility Fron ZH, please avoid that it is simple fallacy Post Hoc.
If A occurred after B, it doesn t mean that A causes B. necessary
Or in a more statistically correlation doesn t imply causation.
ZH is increasingly driven by a hidden agenda and credibility as a reliable economic analysis site takes a toll on your ALT Shift right begins to eat you from the inside and makes you irrational, please try to stay as neutral as possible.
To counter your argument, take a look at the German car production, Sá line more directly since their entry into the euro until 2008 crisis, I could say that one reason is that the German car are better than the French car if the customer was the main winner of the euro.
Recently I found this little YouTube video that should, in my opinion, be a kind of mandatory shows for Americans commenting on Europe or Europeans commenting on the United States.
It's called urban geography why we live where we do and it is very densely packed with information on how different the typical European city or village is the typical American city, village, suburb or farm area, and it gives some good advice on why.
Just back from London and Paris, and your Go armed with body armor let the best wife and daughters at home is seen from this recent experience of mine, the crazy roar of someone simply no bloody idea what he talks about.
The biggest takeawy is the population density is the second crime, real and perceived.
Did you know that Paris, for example, has twice the New York population density, it is 56 000 people per square mile against 27,000 people per square mile.
Or that wealthy Parisians like to live in the center of their city, which is reproduced in almost all European cities.
The typical ZeroHedger repeated extreme anti-city constantly don t go there, crime is crazy, it just never seen applied in Europe, and Don always been applied.
Haven t seen a Renault, Peugeot and Citroën on US roads more than 15 years maybe it's because their cars are chunks and Honda are reliable and affordable cars that people really want to buy I saw some Bugattis here and there how many cars they produce a year.
Indeed, the overall strength of the French manufacturing and high technology sectors is constantly downplayed the traitor who we were selling Alcatel rules for a penny, as the world's second largest group in the German network equipment is a core corruption and absolute contempt for the whole Christian value Their elite wants slave workers, they cheat on any possible settlement, they surf with the idea of German technology imo clouded by a certain level of suprematicism racism and the smell of violence autoritative that tick with nowadys misseducated dumb asses another problem is that many French do not like France and actually prevent the French brand as if you pay a little attention.
Nevertheless, Europe is over, I do not know what the plan is, but it is close to being set in motion, I mean you've read that 20 Iraqi history who raped 10 years Austria and how he ended there's been a sexual hosue guard harassed Biscarosse France, the two successors is also free without cost and that adds to decades of people in parts of France will disappear almost everything happens to be in compliance with the documents issued by OIC, Muslims are not to be judged by non-Muslims.
The situation is still comfortable in Ruroep for many, but it hides deep in the rabbit hole we are already at least France, Germany seems not beetter, United Kingdom, I mean they lost London and have yet to understand the impact in the 10 years I do not know for Spain and other countries of Europe Sourthern.
Lived in France for 25 years and have no problems with their cars.
My old Citroen Evasion Diesal is 98 and I use it mainly for garden waste transportation these days - 75000 km always starts.
Renault Modus woman is over 12 yars old and works very well, we toured Europe for years, I went to Barcelona a few weeks ago.
No ventilation, replacement of scrap parts.
Served by our local mechanic who cost half what dealers Renault PeugotCitron pay.
And yes German cars are not as reliable as the reputation and cost a fortune for replacement parts.
75000 km, Dude is not even broken in 1994 Suburban 396.452 miles Water pump, radiator and two trannies 5 7350.
The end of a production large French industrial power cars Collapse Since joining the Euro zero, big, industrial, power, French.
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