France Business News 2012

France 1.1% Industry Growth

April 2012
The French national institute of statistics, Insee, announced that in January 2012 the turnover of the manufacturing industry increased by 1.1%.
The turnover in December 2011 declined by 2.2%.
Exports increased by 3.2% in January 2012 and decreased by 0.2% in December 2011.

France banned Stocks Short-Selling

August 2011
The French market regulator, AMF, banned on August 12 short-selling of certain shares from the banking and insurance sectors, including shares of BNP and Societe Generale.
The banning is for a period of 15 days.
In short-selling the seller borrows shares, sells them and buys back when their market price is lower.
Italy Spain and Belgium joined France in banning short-selling.

France 2011 Budget Unveiled

September 2010
The French government unveiled on September 29, 2010 the 2011 budget.
According to the proposed budget the public deficit will be reduced from the 2010 record 7.7% of the GDP to 6% of the GDP in 2011 down to 3% in 2013.
The budget includes resducing of tax breaks and allowances worth EUR 10 billions.

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