Back to the future-planning: France
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 4 September 2020
⏱️ 23 minutes
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. |
| 0:07.1 | I'm your host, Jason Palmer. |
| 0:10.0 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.6 | Paul Roussa Begina, an activist who saved 1,200 lives during Rwanda's genocide, was charged with terrorism this week. |
| 0:25.6 | How was it he was lured out of exile? What will happen to him now? Rwanda's leadership faces many hard questions. |
| 0:33.6 | And you'd think that the European single market would cause consumer prices to converge across the block. |
| 0:40.5 | You'd be wrong. |
| 0:41.8 | Our correspondent bravely charts the costs of NAPIS to reveal the shortcomings of Europe's allegedly level playing field. |
| 0:56.0 | But first... Yesterday in Paris, French Prime Minister Jean Castex unveiled the country's coronavirus recovery plan, just as daily new infections neared an all-time high. |
| 1:14.7 | The stimulus was the first to be announced by a big economy |
| 1:17.5 | since the European Union agreed a €750 billion recovery fund in July. |
| 1:23.5 | The plan is focused primarily on boosting companies |
| 1:26.4 | and is due to run over two years. |
| 1:28.8 | But it does little to directly support consumer demand, a traditional engine of French growth. |
| 1:34.3 | Between the first and the second quarter of this year, |
| 1:38.3 | France's economy suffered its worst fall since the Second World War, shrinking by nearly 14%. The plan also includes reviving a post-war institution to ready the country for a post-COVID era. |
| 1:51.5 | With the 2022 presidential race already in mind, the economic recovery will be central to President Emmanuel Macron's re-election hopes. |
| 2:00.5 | Yesterday, France launched its response to the shock and the economic recession caused by COVID-19. |
| 2:08.0 | Sophie Petter is our Paris Bureau Chief. |
| 2:10.7 | What it did was announce an economic stimulus plan worth 100 billion euros, |
| 2:15.7 | which is one of the biggest in Europe so far, as well as a |
| 2:19.4 | commissioner whose job is to oversee more of the long-term planning of thinking about preparing |
... |
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