"The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China."

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Source: Chirac allies storm ahead in poll. cnn.com. June 10, 2002.

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Laurent Fabius

Politician

Laurent Fabius is a French politician known for his leadership in climate diplomacy, notably as President of the COP21, which resulted in the Paris Agreement.

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Laurent Fabius Politician

"For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date."

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Laurent Fabius Politician

"The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport."

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