The Eurozone reported zero growth during the second quarter of 2014. France has reported zero growth for the first and second quarters of this year !
President Hollande has been pilloried by politicians from all parties, even by those in his Coalition Government. Journalists and electors, even Trades Unions, are not pulling their punches with their criticisms. The situation is worse now than a year ago.
Hollande is being held responsible for the stagnant performance by France. Four months ago he fired his first Prime Minister with the appointment of Manuel Valls and blames the recession in the Eurozone for France's poor performance ! Critics point out that there other countries in the Eurozone which have recovered their growth after painfull reorganisations.
In spite of this Hollande and Valls intend to maintain their current economic policies !
Critics want action, in particular to reduce the ever increasing Unemployment figures which are a drain on the Government´s resources.
What is needed ? More investment !
- by the State in Capital projects,
- Roads and Motorways,
- Modernising Railways,
- by Private Industry with more Government aid.
The economic fact is that when the State invests, sub-contractors are revived and employment rises. More money is spent in shops, more revenues accrue to the State... !
If President Hollande will not change his policies, nothing will change in France ! The recession will continue, but in the end the electorate will force changes.
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