Friday 26 April 2013

THE ECONOMIC DEPRESSION IN FRANCE CONTINUES !!!


President Hollande has been in office for only one year, but already his Popularity Polls are the lowest of any  President of the Fifth Republic !!! 

Everything cannot however be ascribed to the downturn of the World Economic Climate !!!  He made more than 60 promises as a Presidential Candidate but has now delayed beyond 2013 any real implementations due to the World Depression.  This delay will perhaps be repeated next year !!!

He is a "hands on" leader but his Government has not yet achieved anything noteworthy in an economic sense.    As an EUROZONE leader and in his first speech as such,  he insisted that efforts must be made to increase productivity in the EUROZONE (and France) to combat the World depression.  Nothing has really happened.

On the contrary, his 60 + promises await being fulfilled.  He has pushed the introduction of "marriage for same sex partners" but this has irritated almost all sections of French society.  He has also scratched around to find new tax sources !!!

The big, fundamental, unsolved problem remains unemployment, which is the highest in the 5th Republic, and which still increases relentlessly each month.  All efforts to prevent mass lay-offs by companies which must down-size not to close, have failed.

The Economic Spiral of increased unemployment which leads to more Welfare Costs and increases of income and sales taxes, has not been cracked.  It is impossible to stop unemployment rising in a depression without new ideas !!!

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