Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
France is the second largest Euro zone economy
- At the peak of the European crisis in 2011-12, the yield spread even for the French started to increase against the German counterpart.
- Since the easing of the peak crisis, by pledge for banking union and "Whatever it takes" speech by Mr. Draghi, the scenario has not played out.
- French government is asking the European Commission for another extension of three years to meet the targeted budget deficit of 3%. They have already availed two such extensions.
- Recent trend shows French economy is not doing well compared to other partners. Recent PMI decelerated fast to near 47, whereas Germans kept growing at 50.9. Even some of the troubled economies like Spain, Ireland have started doing better.
This has so far been ignored & may remain so as ECB to start of the printing press, but could be played out eventually.
