Francois Hollande has become the newly elected president of France more by luck than by any quality he might possess. Almost anonymous, he has no ministerial experience. His platform nonetheless raised expectations mightily that he would be able to find employment and entitlements where Nicolas Sarkozy had failed to do so. Voters could conclude that there are jobs for all and everyone richer than them will pay more taxes. He likes to promise that France is not doomed to austerity, because he still believes that socialism is the magic formula for growth, and can simply be ordered up.
Read Full Article »
