According to the accounts of Jerome Frantz, director-general of Frantz Electrolyse, a family-owned car-parts firm in the suburbs of Paris, daily sales in October averaged E∪D40,721 ($52,700), 25% lower than the average for the first six months of 2008. The company breaks even at E∪D45,000 a day and, ominously, one of its suppliers just went bust. "I don't know what to do," says Mr Frantz, who does not want to fire any of his 170 employees.rnHe wants immediate help from the government to boost short-term access to credit, plus longer-term reforms to lighten the fiscal and regulatory burdens which handicap French industry. In asking for government help, however, European firms must be careful what they wish for. In the past governments have acted in ways which made things worse.
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