Ad
Francois Hollande was elected on an anti-austerity ticket, but has to deliver on spending cuts (Photo: Francois Hollande)

IMF warns France on falling behind Italy and Spain

The International Monetary Fund (IMF) has warned France it needs to cut labour costs and taxes or else risk falling behind Italy and Spain, which are undergoing deep reforms.

"The growth outlook for France remains fragile reflecting weak conditions in Europe generally, but the ability of the French economy to rebound is also undermined by a competitiveness problem," the IMF wrote in its annual country review published on ...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login
Francois Hollande was elected on an anti-austerity ticket, but has to deliver on spending cuts (Photo: Francois Hollande)

Tags

Ad

Related articles

Ad
Ad