Francois Hollande’s Moment

horloges

France is in a funk.

Its president, Francois Hollande, finds his public approval at a record low of 25 percent in April — a bit better now. Unemployment remains stubbornly high — above 11 percent — and has remained above 9 percent for most of the last decade. Among French youth, unemployment exceeds 25 percent. High unemployment seems endemic under both Socialist and conservative governments, but Hollande is now in charge. Recently, France stumbled back into negative growth, meaning another recession. Taxes appear to be rising, and some French citizens, who have had enough, threaten to leave the country to avoid the new charges. Some, like actor Gerard Depardieu, have even expressed the desire to relinquish their citizenship >>> read more