French economy falls back into recession

Awdur (Corfforaethol)
Teitl y Gyfres
Manylion y Gyfres 15.05.13
Dyddiad Cyhoeddi 15/05/2013
Math o Gynnwys

France entered a shallow recession in the first three months of 2013 as the economy contracted by 0.2% because of weak exports, investment and household spending, according to preliminary data from the INSEE statistics agency published in May 2013.

On the 15 May 2013, European Commission President José Manuel Barroso urged France to push ahead faster with economic reforms in return for being granted two more years to bring its budget deficit below the EU limit.

On the 16 May 2013 French President François Hollande promised an 'offensive' to bring 'more growth and less austerity' to Europe as he launched a bid to resurrect his presidency.

Struggling against record low approval ratings and an economy in reverse, Mr Hollande laid out proposals for closer 'economic government' of the eurozone, a drive to tackle youth unemployment and a 10-year investment plan for France.

He called for an 'economic government' for the eurozone that would have a president, its own budget and a coordinated tax system.

Dolen Ffynhonnell Link to Main Source http://www.france24.com/en/20130515-france-economy-recession-insee
Dolenni Cysylltiedig
BBC News, 15.04.13: French economy returns to recession http://www.bbc.co.uk/news/business-22536197
ESO: Background Information: France 'to enter recession' as eurozone growth slows http://www.europeansources.info/record/france-to-enter-recession-as-eurozone-growth-slows/
EurActiv, 16.05.13: Barroso urges ‘credible reforms’ in France in return for deficit grace period http://www.euractiv.com/euro-finance/barroso-urges-credible-reforms-f-news-519785
EUObserver, 16.05.15: Hollande 'grateful' for two-year extension on deficit http://euobserver.com/economic/120136
Website: France: National Institute for Statistics and economic Studies (INSEE) http://www.insee.fr/en/
France: INSEE: Press Release, 15.05.13: French GDP decreased again in Q1 2013 (-0.2%) http://www.insee.fr/en/themes/info-rapide.asp?id=26&date=20130515
European Commission: RAPID: SPEECH/13/413; Speech - Déclaration du Président Barroso pour la visite du Président Hollande http://europa.eu/rapid/press-release_SPEECH-13-413_fr.pdf
France24, 17.05.13: Hollande calls for EU 'economic government' http://www.france24.com/en/20130516-hollande-europe-union-eurozone-government-economy-france
EUObserver, 17.05.13: Hollande calls for euro government to beat recession http://euobserver.com/political/120156
EUObserver, 17.05.13: Hollande: Europe's identity at risk from recession http://www.bbc.co.uk/news/world-europe-22551511
Deutsche Welle, 17.05.13: The lost year of Francois Hollande http://www.dw.de/the-lost-year-of-francois-hollande/a-16806034

Gwledydd / Rhanbarthau