The Intelligence from The Economist Back to the future-planning: France
Sep 4, 2020
Sophie Petter, the Paris bureau chief, shares insights on France's ambitious 100 billion euro recovery plan, blending environmental initiatives with economic revival strategies. Meanwhile, Michaela Rong, The Economist's Rwanda correspondent, delves into the controversial arrest of Paul Rusesabagina, exposing the stark contrast between his heroic past and current terrorism charges. The podcast also touches on surprising price disparities in the EU market, questioning the effectiveness of policies aimed at economic unity. A captivating mix of politics, justice, and consumer insights!
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France's Recovery Plan Focus
- France's 100 billion euro COVID recovery plan prioritizes businesses over consumers.
- It includes a long-term planning commissioner, reminiscent of post-war reconstruction.
French Plan's Long-Term Vision
- The French recovery plan aims to turn the COVID crisis into an opportunity for economic growth and redirection.
- It focuses on green initiatives, skills development, and strengthening local industries, unlike Germany's consumer-focused approach.
Post-War Throwback
- France's new commissioner for long-term planning evokes the post-war era of Charles de Gaulle.
- This position aims to prepare France for 2030 and reduce dependence on global supply chains, exemplified by mask shortages during COVID.