22 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).
Population:
59,551,227 (July 2001 est.)
Currency:
French franc (FRF); euro (EUR)
note
on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in France at a fixed rate of 6.55957 French francs per euro and will replace the local currency for all transactions in 2002
Languages:
French 100%, rapidly declining regional dialects and languages (Provencal, Breton, Alsatian, Corsican, Catalan, Basque, Flemish)
Elevation:
highest point: Mont Blanc 4,807 m
lowest point: Rhone River delta -2 m
Natural hazards:
flooding; avalanches
Climate:
generally cool winters and mild summers, but mild winters and hot summers along the Mediterranean; occasional strong, cold, dry, north-to-northwesterly wind known as mistral
France is in the midst of transition, from an economy that featured extensive government ownership and intervention to one that relies more on market mechanisms. The government remains dominant in some sectors, particularly power, public transport, and defense industries, but it has been relaxing its control since the mid-1980s. The Socialist-led government has sold off part of its holdings in France Telecom, Air France, Thales, Thomson Multimedia, and the European Aerospace and Defense Company (EADS). 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 government has done little to cut generous unemployment and retirement benefits which impose a heavy tax burden and discourage hiring. It has also shied from measures that would dramatically increase the use of stock options and retirement investment plans; such measures would boost the stock market and fast-growing IT firms as well as ease the burden on the pension system, but would disproportionately benefit the rich. In addition to the tax burden, the reduction of the work week to 35-hours has drawn criticism for lowering the competitiveness of French companies.
