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Economic reforms in France: bleak macroeconomic data is shaking politics in Paris and cementing France's traditional approach towards the Economic and Monetary Union


Tokarski, Pawel

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Corporate Editor Stiftung Wissenschaft und Politik -SWP- Deutsches Institut für Internationale Politik und Sicherheit
Abstract With the third government since his election in May 2012, President Hollande will soon enter the second half of his term of office. He came to power with promises of economic recovery. However, the implementation of a coherent economic program quickly became an uphill battle. French voters’ persistent dissatisfaction resulted in two sound electoral defeats of the “Parti socialiste” and record support for the “Front National”. The difficulties of the second largest Eurozone economy are sooner or later likely to affect the Eurozone’s stability. Why is it so hard to reform France? What does President Hollande expect from the Eurozone? And is there an acceptable way to assist French reforms? (author's abstract)
Keywords France; economic policy; economic reform; reform policy; EEMU; monetary union; economic union; Eurozone; economic growth
Classification Economic Policy; European Politics
Document language English
Publication Year 2014
City Berlin
Page/Pages 8 p.
Series SWP Comments, 39/2014
ISSN 1861-1761
Status Published Version; reviewed
Licence Deposit Licence - No Redistribution, No Modifications