Detail The Belt-tightener-in-chief; France's Public Finances   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011), page 56. Topik: Public Finance; Economic Crisis; Presidents Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Shortly after he was elected president in 2007, Nicolas Sarkozy marched uninvited into a meeting of European Union finance ministers in Brussels to declare that France was postponing by two years its commitment to balance its budget. Even as the financial crisis set in a year later, he banned the term "austerity", a word that was said to scare the faint-hearted French. But now, with France's AAA credit rating still on the line, Mr Sarkozy is reinventing himself as a champion of fiscal prudence. Action was certainly needed. France is the weakest of the six AAA euro-zone countries, and its banks are badly exposed to the likes of Greece and Italy. The trouble is that France holds a presidential election next spring. This means that, should yet more emergency measures be needed early next year, Mr Sarkozy will be even less likely to make spending cuts, which the French dislike, instead of tax increases, which they tolerate. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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