Friday, June 10, 2016

Economic, political dividends from soccer look slim for France (Reuters)

Football Soccer - Euro 2016 - Stadium Pierre-Mauroy, Lille, France - 9/6/16 - General view of the Stadium Pierre-Mauroy in Lille. REUTERS/Benoit Tessier

By Michel Rose and Simon Carraud PARIS (Reuters) - Shaken by Islamist attacks and beset by strikes, France is hoping the "feel good factor" of a successful Euro 2016 soccer tournament will fire up a tentative economic recovery, although the direct impact will be short lived. France's economy has shown signs of renewed vigor in the last 18 months after three years of near stagnation, growing 1.3 percent in 2015 and confounding expectations in the first quarter with a 0.6 percent growth spurt. As he watches the opening France-Romania match at the Stade de France stadium on Friday, President Francois Hollande, a keen soccer fan, will also certainly be hoping a winning French team will give his dismal popularity ratings a desperately needed fillip.


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