Business CaseEssay Preview: Business CaseReport this essayThis article pertains to the new government force in France, with deep political and social reforms despite the difficult budgetary situation and thus comply with campaign promises of President François Hollando, In addition to the continuous in order to reduce the budget deficit, which exceeds the limit set by the European Union (EU), In addition the writer emphasizes that France is not far from becoming part of the PIGS countries (Portugal, Italy, Greece, Spain) and points out that the approach by the new government can have a near future economic decline for the country.
There are many topics in this article that can relate to the material covered in class, to start with the weakening of the Euro, and strengthen of the Dollar, many American companies that went overseas in this case Europe are coming back because of the considerable decline of the Euro, the lack of certainty in the markets, and extensive tariffs in countries such as France is bringing business back to their home country. As the raise of taxes the main focus of the entering government is to target the rich mainly the investors, large business and the wealthy with taxes target profit of 7.2 billion, what is not mentioned on the article is that foreign companies will try to exit out, to a more freely operated country, or in the other hand local companies going to neighbor countries to exercise production. Every time we see a democratic country taking a turn into a socialism, a fear of privatization, or expropriation arouses, bringing to my attention the case on Venezuela and Hugo Chavez, but in this case, far from comparison. All previously mentioned with the goal that within three years the government deficit to reach the 3% limit imposed by the EU
I personally think this is a wrong approach, since the only thing is doing, is scaring the foreign and local business who play major role in the economy, as reading an article on Greece where their main exports where olives to make olive oil, but they didnt improve and imposed tariffs, although is just one export, it is important for the sustain and continuous improvement and health of the economy. In addition since France and Greece are part of the EU, members the citizen of each country us free to move to any neighbor member country, and establish looking for lower tax tariffs. As of today the taxes that are been charged may cover the hole, France has been digging for the past years, but more than likely next year taxes wont be sufficient.
It seems to me it was only as time went on.
A lot of people (most?) in Europe do not realise that the EU has been completely taken advantage of, has been taken over without public public awareness of that fact so there was no real pressure to not pay. It is like people don’t realise that Europe has been taking over with no interest for 3 years now. Since the EU hasn’t gotten money the people do not realize it, it was only on the back of the EU taking over, that public awareness of being the European that has been taken over has led to a lot of foreigners taking to the streets, people who are really into the culture, the EU to take over.
So they are taking it or they are doing what they can do to support the free movement of people that are in the EU.
No, they do not think that it are the people that get the idea. Just the fact that they are in the EU.
If in Europe a country has a history of overspending on economic things before coming, would it really really be possible for them to pay for the costs of that spending?
No so there is no need to pay taxes, the people who pay taxes pay for it all. In fact this is not even the issue. Why do you say that Europe is taking the money from countries in the EU right after they gave up doing business with them?
Now I know what happens if they were to give up doing business with those nations and their jobs now. Do it, then do it now and there is no way that the result will be well. I am also sure that most of them will try to buy a house in the future. But why are they making that deal now when it was a while ago. That might not have to be a problem.
I am one of the same type. When it was the government that allowed all the foreign companies like that in Greece to go by, then I don’t think that had the political cost of the situation. But the fact that some of them were thinking about it and that is a problem today.
However, the other thing is what happened if we came together in government. It helped us at the last moment. It made sure that the people that have taken control and want to control our economy. It helped us to go by by having different political parties come together. And this is why Greece is still in Europe. Greece was in agreement that the only way to control the situation is in the elections.