Posted by & filed under Economic Analysis, Governments & Regulators, Growth & Valuation.

Description:  France’s new Socialist government announced tax rises worth 7.2 billion euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by flagging economic growth.

Source: Reuters.com

Date: July 04, 2012

Link: http://www.reuters.com/article/2012/07/05/us-france-budget-idUSBRE86307X20120705

Questions for Discussions:

  • What are the implications for Euro-based debt, the Euro, and the global economy?
  • Is this decision a good one?

 

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