Miklós Somai, France: soft crisis, hard recovery – eroding influence in Europe?, June 2018
In this paper, two topics are discussed which also explains its structure. Following a short introduction about traditions of state intervention in economy, we first try to understand the reasons behind the fact that the French economy, while having done quite well during the most difficult period of global financial crisis, has since then been unable to head off to the path of sound economic growth again. The second topic derives from the first one: in contrast to France’s weak performance, German economy is flourishing, at least by European standards, which on the long-run can lead to fundamental changes in balance of power within the European Union, especially between France and Germany.
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