12th post for the Economy of France

I came across another article from NYtimes.com that discusses how France is trying to raise manufacatoring. There was a meeting in the beginning of March that was held by the president of France, Nicolas Sarkozy. In this meeting there were discussions on how to prevent France's industry from decreasing. He discussed how he is trying to push companies to invest more in bettering their businesses and to keep more workers. Within the last 10 years, France has lost half a million manufactoring jobs.

The president seemed to be pretty focused on a few things and seemed like he was going to put them straight into action. Some things would be having two representatives in companies with state shares. Bosses are going to have to get together a couple times a year in order to discuss future plans, improvements, and goals.

Another statistic that I learned in this article had to also do with the unemployment of France. France reached its "highest level when its unemployment jumped from 10 percent in the fourth quarter, the highest in 10 years". France has been going through a rough time lately trying to stay competitive. Because of this, France has thought about maybe taking what they make over seas in order to avoid the higher costs and rules back in their country.

Nicolas Sarkozy wraps up this meeting though by saying that everything that the industry produces should be raised by 25% between now and 2015 in order to help with their GDP.