Francois Hollande’s popularity is in free fall after just five months since he was elected President of France. The president’s budget is aimed at economic recovery and meeting new deficit targets agreed with the European Union. But will his programme for a higher tax regime make the savings he needs or will it create a longer recession?

THE POPULARITY of France’s socialist president Francois Hollande is in free fall after only five months in the job.

This is not good news for the French president and his promised strategy of ‘recovery within justice’.

Mr Hollande, elected in May 2012, had a 59 per cent positive rating against 26 per cent ...

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Dr. Emmanuel Martin
The level of tax pressure will rise from 44.9 per cent of GDP in 2012 to 46.3 per cent in 2013. Given the impact of this on labour costs, some analysts see this rise as incompatible with solving France’s huge problem of being competitive especially compared with Germany
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