Francois Hollande’s reforms fail to give French economy the kiss of life

Francois Hollande, now France's most unpopular president in history (photo: dpa)
Francois Hollande, now France's most unpopular president in history (photo: dpa)

French President Francois Hollande, the country’s most unpopular president in modern history, has introduced changes to cut red tape for business and workers. But while 100 changes have been made to the 400,000 ‘norms’ - the rules, regulations and directives – the vast majority remain, damaging entrepreneurial spirit and the opportunity for economic growth. So is Mr Hollande underestimating the chances of the French economy going bust?

BRUSSELS is becoming more critical of France’s inability to control its public finances. Some ratings agencies downgraded the outlook on France in October 2014 and gloomy perspectives could frighten investors.

French deficits remain untamed,...

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