We are paying for the strong level of the euro. An American would think twice before coming to France on holiday.
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
Even before the negative impact of the (youth employment measure) crisis on the economy, the evolution of industrial production in February already gives a picture of the current state of the French economy - in free fall.
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
The recovery remains very fragile. Consumption slowed, investments are still subdued, and exports are having difficulty picking up.
Marc Touati
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