In France “It takes even more courage then usual to be an entrepreneur” replied Marc Westermann, principal of telecommunications and internet corporation SFR Développement, when asked about the current climate for French-based start-ups.

In the recent Global Competitiveness Index 2012-2013, a report which globally ranks the pillars of institutions, France was ranked 21st, sliding down three places on last year. The report outlines this decline as down to the falling confidence and untrustworthiness  in public and private institutions and the…

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