The recovery remains very fragile. Consumption slowed, investments are still subdued, and exports are having difficulty picking up.
More Quotes from Marc Touati:
We can expect a jobless rate of 9 percent by the summer, and that can have a positive impact on consumers confidence and on spending. The government's betting it will have a psychological impact.Marc Touati
These figures prove that the ECB was wrong not to cut rates the last time it met,
Marc Touati
I am very sad today, as are many executives across the country. We have a confirmation that France will not, can not reform.
Marc Touati
Either we head into a more serious crisis, which will hit economic growth, or we abandon reform for a year. In both cases it is a failure for France.
Marc Touati
What we're seeing now is a total reverse in what everyone expected ahead of the euro debut retailers understood that the euro would add new pressures for competitiveness, so they chose to push prices down to attract customers.
Marc Touati
We are paying for the strong level of the euro. An American would think twice before coming to France on holiday.
Marc Touati
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