CPE turmoil may leave France in less bad shape than consensus view.
Negative sentiment after withdrawal of CPE labour market reform and PIPA survey probably overdone CPE outcome less of a surprise in France than to those outside Toll on consumer and business sentiment likely no worse than after autumn riots CNE labour market reform running successfully At election unemployment will have significantly decreased under right wing government for first time in 35 yrs Defeat of de Villepin may spare damaging battles for the right Sarkozy now undisputed natural candidate for ruling party UMP Signs of beginnings of cultural shift
© Graham Bishop
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