'Très malade': France still has a very sick economy

We've heard a lot lately about President Hollande's alleged love affair.  However, don't blame the French if they'd rather talk about their economy.  In other words, it's bad in France as reported by French sources:  "France's INSEE statistics agency said in a report released on Thursday that the jobless rate jumped in the third quarter to 10.9 percent from 10.8 percent in the previous three months.  The rise in the unemployment rate brought it closer to an all-time high of 11.2 percent registered in France in 1997.  The latest figures come as French President Francois Hollande says his administration will reduce unemployment by the end of 2013.  In mid-November, INSEE said that France's economy contracted by 0.1 percent in the July-to-September period.  According to the agency, the contraction was due to a 1.5-percent slide in France's exports in the third quarter and a 0.6-percent fall in business investment.  New surveys...(Read Full Post)

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