Jean-Philippe Delsol pointed out on a recent article the problem of democracy in Europe. Instead of having Nanny-States trying to control its people, let the people speak its own mind.The Swiss referendum on executives’ high wages is the perfect example of a people using Democracy as it should without being monitored by political elites.
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Gilles Hennesy, an LVMH director who is executive vice-president of commercial at Moët Hennesy, and Christophe Navarre, chief executive of Moët Hennesy, are both moving to London. Bernard Charlès, chief executive of Dassault Systèmes, declared that some Dassault’s top managers already from France to other countries for fiscal reasons. The press is talking about fiscal exodus, yet it is not accurate: it would be better to talk about fiscal competition.
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If an agreement could not be found with the previous Cyprus communist-led government, negotiations resumed intensively between the Troika of European Union, International Monetary Fund and the European Central Bank and the newly elected President Nicos Anastasiades. The Euro zone is again at stake: Cyprus’ bailout would amount to 17 billion euros, equal to Cyprus’ annual economic output. But would it be able to repay?
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The European Union is about to bail out Cyprus but no details on how it could be done are released yet. Joerg Asmussen, ECB board member, announced that “the troika of European Union, International Monetary Fund and the European Central Bank would send a mission of experts to Cyprus on Tuesday for a technical analysis of the country’s financing needs and to get a better understanding of the new Cypriot government.” Owing to the importance of the event for the Euro zone, it is worth reminding what Enrico Colombatto, IREF scientific director, wrote on Cyprus’ bailout.
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The “Personal Professional Training Account” is one of the most interesting measures taken in the reform of the professional training sector announced by President François Hollande on March 4th in Blois, France. It is the first time that the “voucher principle” would be applied for the use of public money by workers. Yet, the way the measure is to be implemented may not be satisfactory to allow a real free choice.
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Diesel cars should eventually disappear in France. According to the French Court of Auditors (Cour des Comptes) the fact that gas oil is less expensive than regular unleaded gas causes a loss of 7 billion euros for the Government. Things must change. Yet, it is not that easy: 60% of the French cars are diesel cars and 80% of gas consumption is gas oil.
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Are there as many foreign investments in France as Arnaud Montebourg claimed in his letter to Maurice Taylor? In his article, Lucas Léger, IREF researcher, analyzed statistical data and concluded that Montebourg was wrong. The truth is that, compared to the United Kingdom and Germany, France is no longer attractive.
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The IREF figures on civil servants’ working time in the OECD countries were quoted in the radio show “Carrément Brunet” on RMC.
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Fighting tax exile: this is Yann Galut’s aim. This French Socialist representative is at the head of a Committee created in the National Assembly to think out measures against tax exile. The work of this committee should end up in bills introduced in the Parliament as soon as May.
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In a recent article, Lucas Léger, an IREF associate researcher, pointed out that even if the research is a French Government priority, entrepreneurship and innovation are not supported and the basic research would better off without Government intervention.
