Hollande’s change of tack is too modest to reform France

French President Francois Hollande changes tack on the economy (photo:dpa)
French President Francois Hollande changes tack on the economy (photo:dpa)

French President Francois Hollande appears to have changed tack and moved towards the centre ground in the face of the country’s latest downgrade. But his prescription for reform to boost business and employment appears too modest in the face of the many vested interests riding on the back of the French welfare gravy train.

<i>With rising unemployment and business profit margins at a historic low, together with worrying public finances, French President Francois Hollande had to change his policy. He announced both a reduction in public spending and a ‘responsibility pact’ for businesses - in which they would benefit from reduced social contributions and simpler regulation in exc...

Not a subscriber yet?

Subscribe now and get the latest in-depth geopolitical analysis and forecasts from GIS’s unrivaled cadre of experts.

Learn more about our subscription plans.

You can also buy this report for €8.99 Buy

Add your comment