French President Francois Hollande’s promises of delivering growth have proved hollow. And the bad news on the economy with unemployment still rising is making matters worse. Real reform to boost growth will be needed if France is to avoid a vicious circle of further downgrades by the ratings agencies and increased borrowing costs.

THE IMAGE of French President Francois Hollande standing alone and soaked to the skin with his glasses misted up by rain during the August 2014 70th anniversary celebrations of France’s liberation, sums up the bad news piling up for France and its leader.

Mr Hollande’s popularity is at a record low of 17 per cent approval. September has brought ...

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Dr. Emmanuel Martin
This demonstrates how austerity policies based on tax hikes instead of reduced spending stifle growth and increase deficits. It is also bad news for unemployment
read more about it in the report
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