France: no leeway for failure

François Hollande’s budget – the toughest in 30 years – is ameliorative but it is hardly a radical departure. Rigour, austerity and recession are out. Combat, exceptional measures and solidarity are in. With those costume changes, François Hollande has just delivered the toughest budget in 30 years. But he has done what he said he […]


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France: François Hollande’s opportunity | Editorial

French Socialist leader will have some real room to manoeuvre if his party get majority in the national assembly It looks as if François Hollande and the French Socialist party are heading for a dominant position in the country’s political structures exceeding their expectations. The results of the first round of voting for the national […]


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The euro: thunder and lightning | Editorial

Continent-wide spending cuts are not about to be overturned in favour of a raft of policies designed to encourage growth – sadly Thanks must go to the gods of metaphor, for it was presumably they who sent the lightning that forced François Hollande’s plane to turn back mid-journey to Berlin on Tuesday afternoon. This being […]


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