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"A recession in Germany would be very painful ... in France"

2020-02-16T16:53:42.516Z


ANALYSIS - The French economy is slowing less sharply than its powerful neighbor. But it would be unwelcome to experience Schadenfreude (rejoicing in the misfortunes of others, in good French), because there is everything to fear that Germany will lead us into its fall, believes Jean-Pierre Robin.


Cocorico: for the first time since 2005 and the coming to power of Chancellor Angela Merkel, France recorded growth greater than Germany, and even twice as fast (1.2% and 0.6% respectively in 2019). Another feat: exports of "made in France" rose 3.4%, when German products rose barely 0.7%. Let’s stop lamenting: “When I look at myself, I feel sorry; when I compare myself, I console myself. ”

It would be an error worthy of Gribouille. The French economy is certainly slowing less sharply than its powerful neighbor. But it would be unwelcome to experience Schadenfreude (rejoicing in the misfortunes of others, in good French), because there is everything to fear that Germany will lead us into its downfall.

Read also: Jean-Pierre Robin: "The return of servants in French society"

The reasons for the German underperformances are perfectly identified. It all started in winter 2018 when Donald Trump launched his trade offensive against China, implicating countries with

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Source: lefigaro

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