Economist time-bomb taunt: France fumes
Agencies: Paris, Nov 16 2012, 16:37 IST
holding French industry back, but many economists believe the measures are not sufficient by themselves.
In his first formal news conference since coming to power, Hollande defied his critics on Tuesday by vowing to reform at his own pace and asked French voters to judge him at the end of his mandate in 2017.
The government... has finally recognised the competitiveness problem in the past few months, said Peet. But it is only a diagnosis, words. Now they must act.
Hollande had some good news on Thursday when data showed France's economy unexpectedly grew by 0.2 percent in the third quarter as households splashed out on clothing and other items, although the risk of recession next year is not averted.
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