By using this procedure, creditors can rapidly obtain a court order which is then served by a bailiff. Government tax revenue has dwindled and consumer purchasing power has declined.
Furthermore, France has a highly educated labor force and the highest number of science graduates per thousand workers in Europe. His government succeeded in passing key labour market and tax reforms meant to enhance labour market flexibility and to better align labour costs with productivity, as well as a reform changing the status of the SNCF state-owned rail transport company.
Too few exporting companies; loss of competitiveness and market share Weakening level of product sophistication; insufficient focus on innovation Low employment rate among young people and older workers Room for more efficiency in public spending; high public debt Private debt on an upward trend Risk assessment Growth set to slow further in Growth will remain moderate inafter easing significantly in Having legislated significant tax relief in the coming years to support investment and purchasing power, the government must prioritize spending reforms to reduce its debt level and rebuild fiscal space to prepare for the next downturn.
France is a relatively open economy; however, some barriers to trade are present. Structural reforms: With structural unemployment still very high, especially for youth, low skilled, and non-EU migrants, and productivity growth sluggish, structural reforms are essential to bolster employment and growth.
This form of increased dirigisme, was criticised as early as Obligations to pay can be enforced through attachment of bank accounts or assets or through a third party which owes money to the debtor garnishment.
However, foreign trade is no longer expected to contribute positively to growth in because of the rebound in imports. In addition, De Gaulle began the construction of a welfare state in France and established key institutions such as social security and works councils that remain today.