French press review
Saturday’s papers are dominated by encouraging French economic figures with a recorded growth of one per cent in the first three months of 2011.
Le Figaro welcomes the statistics underlining that France is on course to meet its year-on-year economic growth projection of two per cent – the strongest rate since the second quarter of 2006.
also salutes the good news, noting that the German economy , also expanded by 1.5 per cent in the first quarter. That sets the Eurozone’s largest economy on target to post an annual 5.2 per cent growth rate -a level last seen before the economic crisis in 2008.
Germany and France account for more than one third of the eurozone’s GDP and Le Monde is pleased that Europe’s main stock markets and the euro each advanced on the back of the figures.
The newspaper says France’s Top 40 companies have improved their performances posting gains of over seven per cent, with analysts projecting annual profits of up to 16 per cent in 2011.
Some of Saturday’s papers comment that the government has legitimate reasons to be credited for the good performance of the economy.
La Republique des Pyrénées claims in an editorial that strategists within the ruling UMP party are in buoyant mood thanks to the news and will seek to make political capital out of it as they prepare to launch president Nicholas Sarkozy’s re-election campaign.
Le Figaro sees the growth figures as the prize of three years of sustained policies implemented under difficult economic and political conditions.
The paper notes that austerity hasn’t killed economic growth as some sceptics suggested. Le Figaro urges the government to cheer up and reap the fruit of its labour - more fiscal revenue for its battle to cut the public deficit.
Despite the promising annual economic outlook the papers are concerned about recent external turbulence and persisting tensions in the sovereign debt markets.
Le Monde reports that Europe’s growth faces external risks including rising global inflation. It is pegged at an average 2.6 per cent in the eurozone.
The newspaper says it is fuelled in large part by higher prices for oil and other commodities, as well as unrest in North Africa and the Middle East. Unemployment is not likely to drop until next year, according to the forecast.
Le Monde quotes experts calling for still more budget tightening and a determined implementation of structural reforms especially in southern European countries
IMF chief and potential Socialist Party presidential candidate Dominique Strauss Kahn continues to be at the centre of a controversy over his ostentatious lifestyle.
The popular Strauss Kahn has instructed his lawyers to seek reparations in case for a damaging article published by the evening daily France Soir.
The poll ratings of the IMF chief have continued to drop since he was photographed riding a luxury Porsche car in Paris a fortnight ago.
The renewed interest has seen a flurry of investigative articles on his lifestyle, including his wife’s vast fortune.
La République des Pyrénées argues that taking the newspaper to court is a political error.
The tabloid says while the lawsuit is probably a warning from Strauss Kahn to people plotting to destroy him, the decision to go to court portrays a febrility few of his supporters will understand.
Le Monde takes to task Strauss Kahn’s pals who are causing him all the trouble - communications strategist Stephane Fouks, Ramzi Khiroun, the owner of the cursed Porsche car, Gilles Finchelstein and Anne Hommel.
The newspaper says they have a bad reputation in the Socialist Party where they earned a nick-name 'the firm' and stand accused of being behind Strauss Kahn’s lukewarm relations with elected leaders and the masses
.
The regional newspaper, La Montagne points to the so-called Terra Nova club – a group of centrist intellectuals set-up by Strauss Kahn himself a few years back as a think tank.
The newspaper describes its members as ostentatious braggers whose posture has discredited Strauss Kahn in his socialist family .
La Montagne also says that they are turning Strauss Kahn into a poison for poor voters who are now trooping towards populist mavericks such as National Front party chief Marine Le Pen and far-leftist leader Jean Luc Mélenchon.
Libération warms about the looming threat of another election disaster for the Socialists.
The left-leaning newspaper slams the shocking defection to the National Front of two prominent socialists – the respected lawyer Gilbert Collard and Robert Ménard, a former president of Reporters Without Borders.
Libé says their decision is the clearest evidence that the dam isolating the National Front has given way. The paper portrays the pair, more as donkeys going to the water trough to drink bad soup than birds of a bad omen.
Le Monde
also salutes the good news, noting that the German economy , also expanded by 1.5 per cent in the first quarter. That sets the Eurozone’s largest economy on target to post an annual 5.2 per cent growth rate -a level last seen before the economic crisis in 2008.
Germany and France account for more than one third of the eurozone’s GDP and Le Monde is pleased that Europe’s main stock markets and the euro each advanced on the back of the figures.
The newspaper says France’s Top 40 companies have improved their performances posting gains of over seven per cent, with analysts projecting annual profits of up to 16 per cent in 2011.
Some of Saturday’s papers comment that the government has legitimate reasons to be credited for the good performance of the economy.
La Republique des Pyrénées claims in an editorial that strategists within the ruling UMP party are in buoyant mood thanks to the news and will seek to make political capital out of it as they prepare to launch president Nicholas Sarkozy’s re-election campaign.
Le Figaro sees the growth figures as the prize of three years of sustained policies implemented under difficult economic and political conditions.
The paper notes that austerity hasn’t killed economic growth as some sceptics suggested. Le Figaro urges the government to cheer up and reap the fruit of its labour - more fiscal revenue for its battle to cut the public deficit.
Despite the promising annual economic outlook the papers are concerned about recent external turbulence and persisting tensions in the sovereign debt markets.
Le Monde reports that Europe’s growth faces external risks including rising global inflation. It is pegged at an average 2.6 per cent in the eurozone.
The newspaper says it is fuelled in large part by higher prices for oil and other commodities, as well as unrest in North Africa and the Middle East. Unemployment is not likely to drop until next year, according to the forecast.
Le Monde quotes experts calling for still more budget tightening and a determined implementation of structural reforms especially in southern European countries
IMF chief and potential Socialist Party presidential candidate Dominique Strauss Kahn continues to be at the centre of a controversy over his ostentatious lifestyle.
The popular Strauss Kahn has instructed his lawyers to seek reparations in case for a damaging article published by the evening daily France Soir.
The poll ratings of the IMF chief have continued to drop since he was photographed riding a luxury Porsche car in Paris a fortnight ago.
The renewed interest has seen a flurry of investigative articles on his lifestyle, including his wife’s vast fortune.
La République des Pyrénées argues that taking the newspaper to court is a political error.
The tabloid says while the lawsuit is probably a warning from Strauss Kahn to people plotting to destroy him, the decision to go to court portrays a febrility few of his supporters will understand.
Le Monde takes to task Strauss Kahn’s pals who are causing him all the trouble - communications strategist Stephane Fouks, Ramzi Khiroun, the owner of the cursed Porsche car, Gilles Finchelstein and Anne Hommel.
The newspaper says they have a bad reputation in the Socialist Party where they earned a nick-name 'the firm' and stand accused of being behind Strauss Kahn’s lukewarm relations with elected leaders and the masses
.
The regional newspaper, La Montagne points to the so-called Terra Nova club – a group of centrist intellectuals set-up by Strauss Kahn himself a few years back as a think tank.
The newspaper describes its members as ostentatious braggers whose posture has discredited Strauss Kahn in his socialist family .
La Montagne also says that they are turning Strauss Kahn into a poison for poor voters who are now trooping towards populist mavericks such as National Front party chief Marine Le Pen and far-leftist leader Jean Luc Mélenchon.
Libération warms about the looming threat of another election disaster for the Socialists.
The left-leaning newspaper slams the shocking defection to the National Front of two prominent socialists – the respected lawyer Gilbert Collard and Robert Ménard, a former president of Reporters Without Borders.
Libé says their decision is the clearest evidence that the dam isolating the National Front has given way. The paper portrays the pair, more as donkeys going to the water trough to drink bad soup than birds of a bad omen.
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