In France President Hollande is well known for his "Magic Tool Box" and his "Crystal Ball Predictions" about the level of unemployment ! One often sees humorous quips and sketches in the French media !
His 36 Election Promises, and, that he would not increase taxes, put an end to the re-election hopes of President Sarkozy, but all these promises have long been forgotten !
Now Brussels has officially attacked the French Budget for 2015 and this has provoked a detailed review by President Hollande and Michel Sapin, the Minister of Finance. Like magicians they have discovered 3.6 billion Euros of adjustments required to update the figures submitted ! This may appease the critics and also avoid a Financial penalty !
Thank goodness none of the previous assumptions used needed to be changed ! That could have lead to a fundamental recalculation !
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