Exact(2)
But investors are already alarmed by what they see as an erosion of competitiveness among French companies, a widening current account deficit and declining exports.
Another concern is that Mr. Hollande may not be able to halt an erosion of competitiveness in the corporate sector, which is dominated by many small and midsize businesses that do not export much, and where profitability is generally low.
Similar(6)
France's unemployment rate is 10% next to 5.8% in Germany—and has not dipped below 7% for nearly 30 years.This erosion of French competitiveness raises hard questions about the underlying social compact.
Italian firms have been hurt by the erosion of their competitiveness within the euro zone.Little progress has been made to lighten the private-debt burden since the crisis began.
He added: "The results we have published today reflect a deterioration in the market and, more significantly, an erosion of our competitiveness over recent years".
These innovations are needed to maintain affluent living standards in the face of globalization, i.e. the (possible) erosion of the competitiveness of European business, as well as the need to enhance sustainability (not only in an environmental, but also in a socio-economic sense) and other 'grand challenges'.
They can be measured by the erosion of international economic competitiveness caused by the resulting over-concentration of R&D on military products.
All this would mean the erosion of any gain in competitiveness.
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Justyna Jupowicz-Kozak
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