The urgent message of this austerity-fuelled recession

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Like the rest of the eurozone countries, France is entering a recession, according to the latest quarterly report released this month by the French National Institute for Statistics and Economic Studies (INSEE). Mediapart co-founder Laurent Mauduit argues here why the INSEE report is both an indictment of President Nicolas Sarkozy's economic policies and a warning for the Left opposition, ahead of next year's presidential elections, that austerity measures do nothing but fuel the crisis.

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