In response to:

France's Hollande Orders Employers to Pay 75% Tax

Get your damn facts right. You mean "it is France" not Europe. Not that your know anyway Im sure, but the UK has cut and cut taxes on business. If you care to look it up, our Corporation Tax is much lower than the US. We did that to stimulate business, but have also now got a lot of French companies relocating to the UK as they run from this idiot Hollande. So get it right. Europe is a collection of very different countries, some right some left. You sign yourself Texan, well how would you like it is I lump your state in with say Michigan?

As expected, economic news in France continues to worsen. The Markit France Manufacturing PMI final data French manufacturing sector operating conditions continue to deteriorate at marked pace.

Key points:

PMI remains indicative of sharp downturn despite rising to three-month high
Output, new orders and employment fall further
Prices charged cut at fastest rate since November 2009

Summary:

Operating conditions in the French manufacturing sector continued to worsen in March. Although the headline Purchasing Managers’ Index ® inched up...

Related Tags: Tax