investing in france

France to Shave Defense Budget: Source
France's defence budget will be cut by 3.5 billion euros ($4.28 billion) in 2011-2013, a source familiar with the matter said on Thursday, as part of a government drive to reduce public spending.

Soccer Is Not A National Metaphor
The temptation has proved irresistible during the World Cup to see soccer teams as metaphors for their nations. According to this theory, France’s loss represents the failure of integration and Ghana’s success represents the upward trajectory of Africa. Could anything be more stupid?

As stars fade, waiting on new ones to arrive
Tiger Woods struggles anymore just to play the weekend. On this big weekend, Roger Federer isn't playing at all.

France was and still is one of the powerful countries in Europe. Through its history, its political position, the economy and not last the tradition in culture, France is what we see today.
With a population of 60 million of which 76% is urban population. Most of the population practices Catholicism (about 90%) as religion, whilst other popular religions include Christianity, Judaism, and Islam.
Regarding the political system, France is a Republic which Constitution dates from 1958. The President of the Republic is the Head of State, chief of the Armies and has an executive power. He is elected for a seven-year term (five year term from 2002 on) by direct universal suffrage. He is entitled to dissolve the Assembly and call for early elections. He appoints the Prime Minister, who represents the parliamentary majority. As for the legislative power, the Parliament is composed of the National Assembly (577 members elected for five years by direct universal suffrage) and the Senate (321 members elected for a nine-year term). The right to vote is granted from the age of 18. Since 1982, France decentralised part of its power to Regions and Departments. President of the Republic: Jacques Chirac elected in 1995 and re-elected in May 2002. Prime Minister: Dominique de Villepin.
France is European Union's largest agricultural power, of which it provides almost a fourth of its production, and is the second largest agricultural power in the world (behind the USA). Agricultural activity benefits from huge subsidies, especially European subsidies. Wheat, corn, meat and wine are the main productions. The manufacturing industry is diversified, but the country is going through a desindustrialisation process, traduced by several relocations. The key industrial sectors are cars, computer, telecommunications and electronics. France is the first tourist destination world-wide: than 75.3 million tourists visited France in 2005.
The French economy is very open to foreign trade of goods. The country ranks second in Europe for its foreign trade behind Germany, and is the eighth world destination for foreign direct investments (FDI). France's top three import partners are Germany, Italy and Spain. Its top three export partners are Germany, Spain and UK. France mainly imports vehicles, machinery and consumer goods. From January the 1st 2002, the currency in circulation is the euro.
France is noted for its cosmopolitan, civilized approach to life, combined with great concern for style, fashion and appearances. French people are sometimes perceived as taking a great pride in the national identity and positive achievements of France, although many French people would argue that people of all nations tend to do that.

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