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Economics »

[18 Oct 2018 | Comments Off on Professor Greenwald talks to AAPA members about big economic issues]

 
On October 15, the AAPA met Columbia University Professor Bruce Greenwald, a leading authority on global economics and “value investing” — the art, or science, of picking stocks, as Warren Buffett amazingly seems to do, that have been forgotten or sidelined but are potential winners.
In our 90-minute breakfast meeting at Falstaff Café, Prof. Greenwald touched on a wide range of big economic issues, including globalisation, export-driven economic models and varying rates of productivity, but also spoke of the urgent need to address demography and how it deeply affects climate change.   If these problems go unaddressed, mass-migration flows like those we saw …

Economics »

[28 Jun 2018 | Comments Off on AAPA meets Finance Minister Bruno Le Maire]

On Monday, June 25 the AAPA met with the French minister of economics and finance, Bruno Le Maire. Le Maire received the organization in his offices at the Ministry of Finance. The Minister gave a broad overview of French president Macron’s plans for France and Europe. Le Maire said Europe must impose itself as a counterweight, between China and the US. « We have European values that are different and unique, » he said.
Le Maire took questions for a full hour. We discussed European sanctions on American imports and the …

Economics »

[15 Jun 2018 | Comments Off on Pascal Lamy remains optismistic about the future of trade]

 
Pascal Lamy, who was director-general of the World Trade Organization for two terms from 2005 to 2013, talked to 25 members of the AAPA at a breakfast meeting at Chez Françoise in late May. The meeting came just as US President Donald Trump was about to introduce tariffs on his European allies for aluminum and steel and as the US threatened sanctions on European firms doing business in Iran. In this ever turbulent period, and despite a fractious G7 meeting in Canada that followed, Mr. Lamy said that he remained …

Economics »

[5 Feb 2018 | Comments Off on CGT union leader Martinez vows to keep up the fight against Macron reforms]

Philippe Martinez, the leader of the hardline CGT union, conceded during his January 11 meeting with the AAPA that he had failed to prevent President Macron’s labour law reform.  But he vowed to continue fighting tooth and nail to prevent France becoming more like Britain – in his eyes a land of zero-hours contracts, diminishing workers’ rights, and official contempt for the unemployed.

Asked if he thought that Mr Macron was hoping to emulate Margaret Thatcher in her epic battle with Britain’s unions in the 1980s, Mr Martinez replied: “His aim …

Economics »

[28 Jul 2017 | Comments Off on Macron’s Labour Market Reforms Crucial: Medef Chief]

President Emmanuel Macron represents the last chance to reform France’s rigid labour market, but his reforms should not make the country end up like the US or the UK, Pierre Gattaz told AAPA members over breakfast at Medef headquarters on June 23.
“France won’t have another opportunity. Now we have no option,” the head of France’s biggest employers’ federation said.
Gattaz and his fellow business leaders are pleased with Macron’s economic programme, and back his plans to give bosses more power to negotiate conditions with workers at company level and to cap the severance pay awarded by …

Economics »

[9 Aug 2016 | Comments Off on AXA CEO Says Brexit is No Display of Leadership]

Henri de Castries did not mince his words when speaking about the Brexit fallout to the Anglo-American press Association in Paris recently:
“When you see two old Etonians (UK Prime Minister David Cameron and former London Mayor Boris Johnson) playing with their country this way, it doesn’t show a lot of leadership or vision. And this game has been played for purely internal political reasons.”
The outgoing (as of Sept 1) Chairman and CEO of AXA and his successor, Thomas Buberl hosted some two dozen AAPA members for lunch at AXA’s headquarters …

Economics »

[7 Jun 2016 | Comments Off on Tax Professionals Brief AAPA On Intrusive U.S. Law]

Tax professionals John Fredenberger and Delphine Brett-Ziller and Lucy Laederich, former president of the Association of American Residents Overseas (AARO), shared their expertise with the AAPA on a recent U.S. law that affects the financial affairs of Americans abroad and is making them rethink their US citizenship.
They spoke to 25 AAPA members at an informal gathering with refreshments kindly hosted by AAPA doyen John Morris in his apartment on May 25.
Originally aimed at cracking down on money laundering and tax evasion by Americans hiding financial assets abroad, the 2010 Foreign …

Business, Economics »

[2 May 2016 | Comments Off on PSA’s Car-Racing Boss Tavares Meets the AAPA]

A dozen AAPA members now have a better grasp of CEO compensation, vehicle emissions standards, labor relations and how to pull a 200-year-old company from the brink of bankruptcy after meeting with Carlos Tavares, the fast-revving chief executive of Groupe PSA.
Speaking at a relaxed breakfast at PSA’s Paris headquarters, Mr. Tavares revealed that he had been motivated by other factors than money when he had accepted in 2014 to take the helm of a company that was nearly bankrupt and was being kept alive by transfusions of cash from shareholders …

Economics »

[19 Mar 2016 | Comments Off on Uber Lays Out its French Woes to the AAPA]

14 stalwarts of the AAPA who met Uber France chief Thibaud Simphal on Feb. 24 came away with a better understanding of the controversy and legal battle being waged between the upstart digital economy car-riding company and entrenched French interests.
The timing of the meeting was perfect given the ongoing taxi wars in France and the government’s promise to help out the traditional cabbies. However, it was a little too perfect, as it was in the middle of M. Simphal’s trial for various charges relating to the now-scrapped UberPop service, which …

Economics »

[12 May 2015 | Comments Off on Eurozone’s Greek Strategy Is Flawed: Piketty]

It would be a catastrophe for the Eurozone if Greece were pushed out,” Thomas Piketty, France’s ‘super economist’ told over 30 members of the AAPA, as it would “spell the beginning of the end for the single currency”.
 
Mr. Piketty, author of the best-selling book ‘Capital in the 21st century,’ met with over 30 AAPA members at the Paris School of Economics where he gave his views on everything from France’s socialist government under President Francois Hollande, the UK general election, the Eurozone’s future and his specialised topic of growing inequality …