August 27, 2014

A Belated Day of Reckoning for France

Jonathan Fenby, Financial Times

The Associated Press

After two years of compromise, France’s President Normal has met his moment of truth. The stand-off between François Hollande, the Socialist head of state, and the leftwing of his own party that erupted at the weekend, resulting in the purging of anti-austerity leftwingers from the government, has ramifications stretching far beyond the immediate confrontation. These will have significant implications both for the way France is run and for Europe. There is a distinct possibility of a period of chaos, reflecting the deep concerns at the root of the morosité under which the EU’s second state is labouring.

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TAGGED: France, Europe, Francois Hollande, Eurozone

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