France has a new Prime Minister, Manuel Valls, who was appointed after the ruling Socialists lost heavily in the March 2014 municipal elections. President Francois Hollande hopes Mr Valls is the right man to tackle France’s rising unemployment and public debt, but he faces a daunting task and his party is set for another disaster in May’s European Parliamentary elections.

<em>French municipal elections proved catastrophic for the Socialists, sending a signal to President Francois Hollande. The energetic new Prime Minister, Manuel Valls, has been chosen to implement Mr Hollande’s new policies, especially the ‘...

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Dr. Emmanuel Martin
One crucial aspect of the new supposed ’supply-side’ policy was that no taxes should be raised to finance the responsibility pact: government would reduce public spending
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