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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
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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’ persiste... view more
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)... view less
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 Comment, 39/2014
ISSN
1861-1761
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications