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GeographyFrance is located in West Europe and the territory includes the island of Corsica in the Mediterranean Sea as well as various other overseas departments and territories. It is bound by Belgium, Luxembourg and Germany to the north and northeast, Switzerland, Italy and Monaco to the east, the Mediterranean Sea to the southeast, Spain and Andorra to the south and the Atlantic Ocean to the west. France is distinguished topographically by the four Hercynian Massifs. Administrative divisions22 regions (regions, singular - region); Alsace, Aquitaine, Auvergne, Basse-Normandie, Bourgogne, Bretagne, Centre, Champagne-Ardenne, Corse, Franche-Comte, Haute-Normandie, Ile-de-France, Languedoc-Roussillon, Limousin, Lorraine, Midi-Pyrenees, Nord-Pas-de-Calais, Pays de la Loire, Picardie, Poitou-Charentes, Provence-Alpes-Cote d'Azur, Rhone-Alpes note: metropolitan France is divided into 22 regions (including the "territorial collectivity" of Corse or Corsica) and is subdivided into 96 departments; see separate entries for the overseas departments (French Guiana, Guadeloupe, Martinique, Reunion) and the overseas territorial collectivities (Mayotte, Saint Pierre and Miquelon)
Economy – overviewFrance is in the midst of transition, from a well-to-do modern economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms. The Socialist-led government has partially or fully privatized many large companies, banks, and insurers, but still retains controlling stakes in several leading firms, including Air France, France Telecom, Renault, and Thales, and remains dominant in some sectors, particularly power, public transport, and defense industries. The telecommunications sector is gradually being opened to competition. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. The current government has lowered income taxes and introduced measures to boost employment. At the end of 2002 the government was focusing on the problems of the high cost of labor and labor market inflexibility resulting from the 35-hour workweek and restrictions on lay-offs. The government was also pushing for pension reforms and simplification of administrative procedures. The tax burden remains one of the highest in Europe. The current economic slowdown and inflexible budget items have pushed the deficit above the EU's 3% debt limit. Business investment remains listless because of low rates of capital utilization, high debt, and the steep cost of capital . Culture and mediaNewspaper: 20 Minutes , Courrier Français,Courrier International,Croix, La,Echos, Les,Equipe, L' ,Expansion, L',Journaux Officiels,Monde, Le . Broadcast: Europe 1,Radio France Internationale . TV Stations: France 2 Infos,France 3 Infos,LCI - La Chaîne Info,Public Sénat ,TF1 Infos . The place of interestL'arc de Triomphe Palais du Louvre Notre-Dame de Paris |
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