ANALYSIS – In the euro zone, France combines the double title of the country with the lowest bankruptcies and the highest business creations.
Strike culture, 35-hour straitjacket, insane taxation, Kafkaesque administration, filthy impermeability to innovation… Anglo-Saxons generally have a cowardly, unsubtle pen to evoke the charms of the French economy. Contrary to these diatribes, Paul Krugman, Nobel Prize in Economics 2008, dedicated his last editorial in New York Times to weave laurels in Paris, which has become the “star performer”, the star, of the pandemic.
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Everything in France now seems to amaze the famous neo-Keynesian economist, from the universal childcare system to the effectiveness of vaccination and the short-time working system… “Admittedly, GDP per capita is about a quarter lower in France than in the United States”, he concedes, but this discrepancy is explained not by structural difficulties but essentially by the choice, very respectable, of the French to take vacations!, pleads Krugman.
Well beyond this enthusiastic editorial, the dynamism of the recovery…
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