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Philippe, Cécile

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Le Figaro - France | 02/04/2013

France needs new business climate

Ever since the French Minister of Industrial Renewal Arnaud Montebourg promoted products "made in France" in a blue and white striped sailor shirt at the end of 2012, there has been a lively debate over how France can remain attractive as an economic location. Cécile Philippe, president of the liberal think tank Institut économic Molinari, accuses the government of incompetence in the conservative daily Le Figaro: "It must be said that the current prospects are very bad. The companies are constantly putting forward restructuring plans and closing one plant after the next. The steady rise in unemployment figures that we've seen in recent months has accentuated the fears of a large wave of deindustrialisation. Faced with this situation, the politicians believed it would be enough to slip on a sailor shirt and tout the merits of French competence to ease people's minds. Unfortunately that's anything but the case. ... The growing number of countries relocating abroad is a clear indication that French economic activity is slowing down. So it's high time to recreate a climate favourable to economic and social development in France."

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