French President Francois Hollande’s austerity policy is increasing taxes and stifling the French economy. More than three million people are unemployed and the government has had to ask Brussels for another year to meet its minimum deficit target. France has a major role in the EU project, so reform is vital for both the national and European interests.

France is now ‘the big problem of Europe’, according to economist Ursula Weidenfeld, a close acquaintance of German Minister of Finance Wolfgang Schauble.

Ms Weidenfeld, interviewed by the French newspaper <i>Le Point</i> on February 27, 2013, is probably right.

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Dr. Emmanuel Martin
Despite his anti-austerity message, François Hollande is implementing an austerity policy - of the worst type, one which consists of increasing taxes and stifling the economy
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