48. Disappointing growth, suffering tourism

Economic success would be necessary for President François Hollande to reduce unemployment and to legitimate his 2017’s re-election bid (and people also want that growth badly – for obvious reasons). But outstanding economic growth remains a mere dream. As it recently turned out, GDP growth (on a year-on-year basis) was exactly zero in the second quarter, while tourism is also Read More …

40. Here’s why the social conference is a symptom of the Hollande presidency

The 4th social conference of the Hollande presidency took place at the beginning of this week. While it is safe to say that policy-wise there is nothing major to report on (a minor Labor Law “clarification” is promised, though), the social conference is worthy of our attention: it is a symptom and symbol of the state of France. Here is Read More …

39. Why the French economy matters – more than you think

Common wisdom says that incumbents get reelected more easily when the economy is booming. Also, they are more often fired by electors when the economy is in trouble. A whole series of 2008 incumbents can confirm this: the Republican Party (and John McCain) in the U.S., the Labour Party (and Gordon Brown) in Great Britain, or even President Sarkozy of Read More …