Marc Touati
Marc Touati
coming france level paying strong twice
We are paying for the strong level of the euro. An American would think twice before coming to France on holiday.
betting confidence consumers expect impact percent positive rate
We can expect a jobless rate of 9 percent by the summer, and that can have a positive impact on consumers confidence and on spending. The government's betting it will have a psychological impact.
add ahead attract chose euro expected pressures prices push retailers reverse seeing total understood
What we're seeing now is a total reverse in what everyone expected ahead of the euro debut; retailers understood that the euro would add new pressures for competitiveness, so they chose to push prices down to attract customers.