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.
More Quotes from 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
The recovery remains very fragile. Consumption slowed, investments are still subdued, and exports are having difficulty picking up.
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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Based on Topics: Summer QuotesWe pray that the deceitful race - such hateful enemies and blasphemers of the name of Christ - be not allowed to further infect and trouble this new colony.
Peter Stuyvesant
A goal is not always meant to be reached, it often serves simply as something to aim at.
Bruce Lee
The greatest cunning is to have none at all.
Carl Sandburg