Down and Out in Paris; France's Beleaguered President  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8830 (Apr. 2013), page 15-16.
Topik: Geographic Profiles; Presidents; Economic Conditions; Problems; Budget Deficits

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The popularity rating of France's Socialist president, Francois Hollande, has tumbled faster and further than that of any other president since the Fifth Republic began in 1958. The decline in his fortunes is a rebuke for his failure to honour his breezy campaign promises last year to scrap austerity and cut unemployment. It is in both France's and Europe's interest that Hollande recovers some of his political flair. France's economy is teetering on the brink of yet another recession. The budget deficit for this year will be far above the previously agreed euro-zone target of 3% of GDP. The sharp rise in French joblessness is one of the main reasons why euro-zone unemployment has hit its highest level since the single currency was introduced in 1999. The fiscal failings and lack of growth of the euro zone's second-biggest economy are helping to drag down an entire continent. Hollande urgently needs to persuade his party and the voters of the case for change. The president's great failing is that he has never tried to convince his countrymen of the need for reform. France's economy cannot recover without structural reform, and its refusal to make enough changes is undermining the single currency.

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