France and Germany, venture capital
The Annual report on the state of France in 2014 opens with an emphasis on the economic hardships of the country. Published in December 2014 by the Economic,Social and Environmental Council, this report starts with an observation : "France is suffering from an economic model too dependent on the financial markets which imperils the future."
The following notes highlight the questionable efficiency of the austerity measures and concede that "the stagnation of the activity and the receding employment rate stress the difficulties encountered by businesses and more broadly by the people."
The main reason for the receding employment rate at a moment where economies regain growth has been heavily discussed for about two years. The consensus indicates that the integration of new technologies into the world economic system tends to render some jobs obsolete. Now
employment favours individuals with specialised competencies and most of all able to adapt to rapid changes induced by innovative technologies.
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