Europe's Hotbed of Entrepreneurship? France

Street vendor in Paris Photograph by Witold Skrypczak/Alamy

You don’t need to be Gérard Depardieu to think that France’s high taxes and generous welfare state smother entrepreneurship. It’s surprising, then, that France gained more new businesses from 2007 to 2011 than the rest of the wealthy economies known as the Group of Seven (G-7), which include the U.S., Canada, the U.K., Germany, Italy, and Japan, combined.

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