Wednesday 10 December 2014

FRANCE : SOCIALISTS HAVE LOST THEIR CREDO !

The Socialist Coalition in France has slowly disintegrated and Popularity Polls have revealed that even traditional die hard voters have lost faith in the Socialist party !

The Communists and the Greens have abandoned the ship and are pursuing their preferred long term objectives, including the Presidential Elections in May 2017 ! 

The Mandate of President Hollande has now passed the half-way stage and the kindest comment one can make is to say he has lost the confidence of his Electors !  The harsh reality is that France is in a Financial Mess !  Even the EUROZONE is worried !  

Everyone, from top politicians to the man in the street, now has his personal opinion of what went wrong and what needs to be done to put France back on an even keel !  

All the solutions proposed are only partially right !  The reality is that the Socialist Party has lost its credo, the definition of what it really believes in and what it can propose to do ! 

In the present Financial climate, it becomes even more complex because one must also take into account what is possible or not, on a short term or long term basis.

President Hollande has already acted.  Manual Valls was chosen as Prime Minister in April 2014 and Emanual Macron was appointed as the new Minister of the Economy at the end of August.  

Will they be able to introduce new measures to kick-start the French economy by reducing unemployment, ending the fight over the 35 hour week, delay the retirement age for State Pension rights and obtain the agreement of Trade Unions.... ?

These are the problems currently on the table !  Nothing can be taken for granted ! 

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