July 30, 2012

France's Hollande Lays Dodo Bird Egg With First Budget

Bloomberg, Bloomberg

AP Photo

France's competitiveness can only be restored through more of the kind of unpopular structural change that the last president,Nicolas Sarkozy, had begun and that Hollande is now reversing. These include lengthening the 35-hour work week, raising the retirement age, making it easier to hire and fire employees and cutting back on some entitlements.

Read Full Article ››

TAGGED: Eurozone, Francois Hollande, France

RECOMMENDED ARTICLES

July 29, 2012
Miliband Should Beware French Connection
Andrew Rawnsley, Observer
President Hollande is an inspiration to the Labour leader. But he may also turn out to be a cautionary tale. more ››
July 22, 2012
Hollande Erases Sarkozy's Legacy
Bruce Crumley, Time
A revised deficit-cutting budget bill passed by France's ruling leftists Thursday effectively repeals all major reforms undertaken by former President Nicolas Sarkozy, virtually erasing virtually all his economic policies. more ››
July 29, 2012
In Europe, a Lull Between Blunders
George Jonas, National Post
It was Beijing in 2008; now it’s London. Social experiments have become Olympic sports. Many Canadians going to Europe this summer want to know if Europe has changed, and if so, how. (Yes: Notice I call London, Europe?) People... more ››
July 30, 2012
Europe Not About to Abandon Democracy
Dan O'Brien, Irish Times
In understanding what is happening now, it is not the 1930s but the 1990s that provides the most relevant historical parallel. In the early part of that decade post-communist democracies in central and eastern Europe suffered... more ››