|Hollande Plays "Mother May I"; Mish's 5 Giant Scissor Steps Proposal; Foreign Investment in France Falls 77%|
|The Wall Street Journal via Mish's Global Economic Trend Analysis, 29/01/2014 (traduire en Français )|
With bloated labor costs, pension requirements, labor rules, strikes, CEOs held hostage (literally), and overall union inefficiencies, it's no wonder Foreign Investment in France Fell 77% in 2013.
Releasing its first estimates for 2013 Tuesday, the United Nations Conference on Trade and Development said that while foreign investment in the European Union increased from 2012, inflows to France fell by 77% to $5.7 billion, extending a decline that began with the 2008 financial crisis and was briefly interrupted in 2011. Foreign investment was last lower in 1987, and as recently as 2007, it peaked at $96 billion.
By contrast, foreign investment in Germany almost quadrupled to $32.3 billion, while in Spain it rose by 37% to $37.1 billion. Foreign investment in Italy, Belgium, the Netherlands and Ireland also rose.