The Bugle Limousin - Sep 2013

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Auto-entrepreneur status set for major overhaul Business minister Sylvia Pinel has unveiled a new bill that will see the annual earning limits for the popular scheme fall as low as €19,000. >> Page 7

Limousin September 2013 Issue #47

France and Europe out of recession

INSIDE > > > NEWS - Closer editor charged over photos The editor of Closer magazine in France has been officially charged over the now famous topless photos of the Duchess of Cambridge >> Page 10

♦ 18 months of recession is over as eurozone records growth of 0.3% ♦ Most recent contraction was the longest in post-war European history ♦ France also out of recession after better than expected growth of 0.5%

T

here does finally appear to be a faint light shining at the end of Europe's tunnel of economic woes, with the news that France and Europe as a whole - have finally exited recession. Growth in the eurozone for the second quarter of 2013 was unveiled as 0.3%, ending an 18-month recession, the longest period of contraction in post-war Europe. This recession was itself the second installment of a double-dip recession that started in 2008. The eurozone’s growth fell short of the 1.7% registered by the United States and 2.6% in Japan, but even modest growth is a relief in a region where unemployment has risen

to 12.1% and fears continue over another potential debt crisis. Olli Rehn, Europe's economic commissioner, welcomed the news, but said celebrations should be put on hold given Europe's jobs crisis and the wide disparity in economic performance between different countries in the eurozone. “Yes, this slightly more positive data is welcome - but there is no room for any complacency whatsoever. I hope there will be no premature, selfcongratulatory statements suggesting the crisis is over, for we all know that there are still substantial obstacles to overcome. The growth figures remain low and the tentative signs of growth are still fragile.”

>> continued on page 9

FEATURE - Absinthe - the Green Goddess

The once popular drink, banned across Europe for 100 years, is legal again and enjoying something of a comeback >> Page 13

BILINGUAL - Driving on the 'wrong' side

We take a look at why we drive on different sides of the road and ask who is 'right' >> Page 17

Guess who's coming to dinner? Experts confirm latest wolf sighting less than 50km from the Limousin >> Page 5

Your indispensible guide to the region's Businesses >> Centre Pages


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