Manuel VALLS, aged 51, the new French Prime Minister, yesterday made his maiden speech in the National Assembly. He presented the outlines of the legislation his Government intends to introduce during the next three years.
He started by clearly identifying the underlying causes of the disatisfaction expressed by electors in the recent Local Elections, which saw hundreds of Socialist Mayors voted out of office, even in safe Socialist strongholds.
The reasons identified for this discontent were -
- Continued high unemployment all over France,
- Increased living costs and taxes,
- Insufficient new housing,
- Too high company taxation.
Valls has promised to act quickly to reduce the burden of low taxpayers of whom about 700 000 recently paid taxes for the first time ! He also intends to reduce employer costs and charges bourn by lowly paid workers.
In his Speech Valls was very confident and clear. He admitted and identified the problems that needed to be solved. 50 billion Euros of cost savings are required but Valls never revealed exactly where they would come from.
Some measures will be ready before the next Presidential elections in 2017; other Plans like new Regionalisations and more company tax reductions, will culminate in 2020 or later !
Manuel Valls obtained the "Vote of Confidence" he expected, but that is all ! His every move from now on will be more than just closely scrutinised !
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