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Francois Hollande's Fiscal Puzzle; France's Public Finances
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 404 no. 8792 (Jul. 2012)
,
page 46-47.
Topik:
Fiscal
;
Financial Crisis
;
French Government
;
Deficit
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.72
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
July is a month when most French governments wind down ahead of the summer break. Not this year. Freshly elected deputies have begun an extraordinary parliamentary session that will last until the end of the month, to enable Francois Hollande's new Socialist government to pass urgent measures. This week, Jean-Marc Ayrault, his unassuming prime minister, gave a taste of what the French can expect. The good news is that the new team is committed to meeting deficit-reduction targets of 4.5% of GDP this year and 3% next. It has at last recognised the extent of France's fiscal problems. In his speech Mr Ayrault called the weight of public debt, nearly 90% of GDP, "crushing". He would not be the one who left this legacy to his children and grandchildren. Mr Hollande and Mr Ayrault even talked of "structural reform" to boost competitiveness.
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