Macroeconomic policy analysis of France

Abstract

For several years, France has always been a member of one of the most powerful alliance around the world: the European Union. Founding that alliance benefit the country in all terms and conditions. It was altogether with Belgium, Netherlands, Germany, Luxembourg and Italy. This was aimed to boost the economy in Europe. There was great initiative which had brilliant impact on the French economy as well as other countries. However, in 2008, the worst happened, that situation when asset price see a steep decline in value, businesses and when consumers are unable to pay their debts, as well as financial institutions which experience liquidity shortages (Kenton, 2019) called inflation.