The Phaserl


The French Government’s Exquisite Bullying

by Wolf Richter, Testosterone

The French government is saddled with enough problems; in theory, it no longer needs to create new ones. But now it wrote another excellent chapter in its tome on how to interfere with private-sector businesses, hamper entrepreneurs, and encourage them to start up their operations elsewhere instead of creating jobs in France.

Yet, President François Hollande had declared on May 1, after the rolls at the unemployment office had swollen 11.5% in 12 months to an all-time record of over 3.2 million people, that the policies the government was implementing had “only one goal: to win the battle of employment.”

Powerful words. And just that. Beneath the surface, his government continues to kick at businesses. The latest was directed at two major companies trying to make a deal – but it hit all startups in France.

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