France and the EU are on Different Pages

Recently, France has begun to outline plans for changing its economy, as the country prepares for a budget-related battle against the European Union. The French minister for the economy, Emmanuel Macron, offered a synopsis of the current plans to President Francois Hollande at a cabinet meeting, and it is said that the bill has been designed to pull the French economy out of stagnation and fuel competition. 

Many detractors believe that if France does not cut its anti-business regulations and lower its taxes then these goals will not be achieved. 

Recently, France has begun to outline plans for changing its economy, as the country prepares for a budget-related battle against the European Union. The French minister for the economy, Emmanuel Macron, offered a synopsis of the current plans to President Francois Hollande at a cabinet meeting, and it is said that the bill has been designed to pull the French economy out of stagnation and fuel competition. 

Many detractors believe that if France does not cut its anti-business regulations and lower its taxes then these goals will not be achieved. 

Mr. Macron, the economic minister, has outlined changes for various areas of the economy, including lifting restrictions on bus-based long distance travel. This is an area that helped create jobs last year in Germany, and France is hoping to see similar results. 

Furthermore, France will allow more of its shops and stores to open on Sundays to encourage greater amounts of consumer spending. The rules that determine where pharmacies are permitted to operate are also said to be under consideration. Many business leaders believe these are mediocre changes. Where are the tax cuts?!

France’s Economic Plans and the Budget

The move to overhaul the economy, and hopefully remove some of the blockages that are preventing France from rising to a higher growth potential, have been put forth in combination with the country’s budget submission for next year. The officials within the European Commission have already stated that they may ask France to make significant changes if the 2015 budget doesn’t go far enough to bring the deficit within EU limits. This has set the stage for public relation problems between the cities of Paris and Brussels. 

France – Cut More!

Although the economic overhaul suggested by Mr. Macron aren’t regularly taken into account when it comes to the European Union’s assessment of budgets, officials have suggested that the pledges given by the government are important in the political battle raging within the country. In the past, the European Union has given Paris some leeway when asking them to bring its deficit beneath 3% of the total gross domestic product. However, the budget that was outlined by France earlier this month has been found to fall extremely short of the rules, leaving the European Union little room for movement. 

It is quite obvious that France refuses to stop paying so much money to those that do not want to work. 

In the outline for the budget, the socialist government of France suggested that the budget for next year would contain a series of significant spending cuts in an attempt to repair the finances of the nation. However, the government also stated that the suggested cuts were not going to do much to narrow down the budget deficit in the face of a stagnant economy. 

Hollande Fails to See the Writing on the Wall

The presentation for the 2015 budget has been hailed as the latest sign that President Hollande is continuing to defy the budget rules of the European Union, which demand further belt-tightening. However, the president is also continuing to go against the growing numbers of dissidents that exist within his ruling party, who want to see less austerity. These are the people who are causing severe problems throughout Europe and even America. They fail to understand that socialism has never worked in the history of humankind.