Following on from our report last week regarding France 's inability to deal with its latest round of labour unrest and unwillingness to address its economic problems , as the French strikes groan on , it is becoming increasingly plausible that this could cause the absolute and irretrievable decline of the EU . The reforms that the French Government is implementing are far too weak to solve the nation 's economic problems , however , they are strong enough to arouse the passions of the unions and left . Even if the reforms are passed , their impact is likely to be modest , as the country now has one of the largest deficits in Europe and has dropped to 29th in terms of ease of doing business . The competitiveness gap between France and labour looks set to widen further , leading to continuing imbalances within the eurozone , and CityAM suggests that if a major economy such as France can not manage even cosmetic labour reforms the union 's future looks grim .
Following on from our note last week highlighting France's inability to deal with its latest round of labour unrest and unwillingness to address its economic issues, as the French strikes groan on, it is becoming increasingly plausible that this could signal the absolute and irretrievable decline of the EU. The reforms that the French Government is implementing are far too weak to solve the nation's economic problems, however, they are strong enough to arouse the passions of the unions and left. Even if the reforms are passed, their impact is likely to be modest, as the country now has one of the largest deficits in Europe and has dropped to 29th in terms of ease of doing business. The competitiveness gap between France and Germany looks set to widen further, leading to continuing imbalances within the eurozone, and CityAM suggests that if a major country such as France cannot manage even cosmetic labour reforms the union's future looks grim.