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French President Francois Hollande’s promises of delivering growth have proved hollow. And the bad news on the economy with unemployment still rising is making matters worse. Real reform to boost growth will be needed if France is to avoid a vicious circle of further downgrades by the ratings agencies and increased borrowing costs.
Dr. Emmanuel Martin
France has a new Prime Minister, Manuel Valls, who was appointed after the ruling Socialists lost heavily in the March 2014 municipal elections. President Francois Hollande hopes Mr Valls is the right man to tackle France’s rising unemployment and public debt, but he faces a daunting task and his party is set for another disaster in May’s European Parliamentary ele...