In a post dated 1 February, this blog discussed the use of RIA in one of the most important pieces of new economic legislation, the "loi Macron" named after minister of economy Emmanuel Macron. After the vote last week in Parliament, which required the government to engage its full constitutional power to get it passed in spite of opposition from within its own ranks, Euractiv gives a clear account of the possible impact of this law designed to boost activity and growth, and concludes that the attempt to 'liberate' the economy 'ends up adding new regulation'. An extract from Euractiv (18 February): "designed to show the European Commission that France is serious about reform, will also submit parts of the economy to a glut of new regulations. The first chapter, meant to 'liberate' growth, has introduced a host of new rules, including new and even more complicated tariff structures for some regulated professions, for example notaries." A December article in the Economist also explains the French government's dilemma, caught between its socialist membership of believers in state intervention to redistribute wealth, and the constraints resulting from the European free market. It seems that again, in this catch-22 situation, extra bureaucracy has again been adopted as the way out. The RIA procedure did not apparently help in any way to secure the influence of rational economic decision.
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