Europe needs France to find a leader who can enact structural reform – Telegraph

Français : Francois Hollande - Mardis de l'ESSEC

Français : Francois Hollande – Mardis de l’ESSEC (Photo credit: Wikipedia)

This image shows Angela Merkel who is the the ...

This image shows Angela Merkel who is the the Chancellor of Germany. The image was taken one day before Merkel received the International Charlemagne Prize of the city of Aachen (Karlspreis). (Photo credit: Wikipedia)

This is an important article from the Telegraph. Check it out!

Europe needs France to find a leader who can enact structural reform – Telegraph.

Whilst, I do not dispute the facts, I see the conclusions differently.

Hollande was a lame-duck from early in his presidency. He could never live up to his promises and he ratings summarize his record.

France has elected many reforming Presidents but by and large they have all failed. They have either not had the power or the stamina to truly reform France. These days France is polarized with extreme politics of both the left and right, with the moderate center powerless.

In Germany‘s eyes, France is probably part of Southern Europe, with all the same problems; but France is also too big to fail. Failure in France will domino into Germany, and will lead to the collapse of the Euro.

Whilst the French bourse is doing OK, I would expect speculators to return

One response

  1. The French have over the years been unwilling to make difficult economic choices,change with the times or” bite the bullet”.

    For too long they have imagined that they can remain in bucolic rural splendour ignoring the need to be competitive and imagining that people like the Chinese, othe Japanese and the South Koreans would always” eat someone else’s lunch” but never theirs.

    That unwillingness has translated into weak leaders, burning lamb carcasses, lorry blockades and the sort of militant trades unionism that we used to see in the UK with Arthur Scargill and the miners strikes of the 1970’s and 1984.

    The weak leaders seem collectively to be more concerned about their love lives, mistresses and scorned girlfriends than in running the country and telling the French people some home truths.
    These are that there is no free lunch, that productivity has to rise and the world does not owe France a living.

    Hollande is a particularly vain example of this breed of useless and vacuous politician and whilst he should be replaced,the entire country needs an” attitude refit” as well.

    France therefore needs radical reform and a shakeup of the way it always awards top posts to people from the Grande Ecoles in a form of self fulfilling death wish.

    Policy produced by these people is logical,seemingly flawless but fails to get the job done.

    The uselessness of the hapless Hollande should not give us any cause for complacency in the UK because we have our own version of walking uselessness in our holidaymaking Prime Minister who is good at making speeches but very little else.

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