Francois Hollande’s French economic policy faces both ways

Francois Hollande is defending himself (photo:dpa)
Francois Hollande is defending himself (photo:dpa)

The stakes are high to sort out the difficulties in the French economy. And as unemployment increases to 3.26 million and the economy tips into recession President Francois Hollande has little room to manoeuvre without threatening the European project. But will the president be bold enough to launch deep reforms and what strategy will he adopt?

<i>French President Francois Hollande seems to be caught between his pledges to his electoral base on the left and the necessity to deeply reform the country. What may seem confusing actions could be a strategy for a tactical change towards more social democracy – not the socialism he had promised. But given the urgency of reforming, one ...

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