I Have a Confession to Make; France's 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 51-52.
Topik: Presidency; Scandals; Foreign Bank Accounts; Swiss Banks; Government Spending; Ethics

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After a series of scandals under the outgoing centre-right president, Nicolas Sarkozy, Francois Hollande campaigned as the Socialist candidate last year with the promise of creating an "exemplary republic". After he won, his ministers were made to sign a charter of ethics. He cut their pay by 30%, and told them to swap their ministerial cars for the train. This model of modest virtue has, however, been shattered by the confession of Jerome Cahuzac, the former Socialist budget minister who was also in charge of a crackdown on tax evasion, that he had lied about a secret foreign bank account to the president, parliament and the country. His admission has rocked Hollande's presidency, and is threatening to undermine not only his government's moral authority but also its ability to get things done. The Cahuzac scandal may not be the only one to sap the president's authority. On April 4th Le Monde revealed that Jean-Jacques Augier, formerly Hollande's campaign treasurer, had corporate investments in the Cayman Islands. The revelations may not be over yet.

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