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It's not the economy, stupid

Hollande is in worse position than French economy

Swaha Pattanaik 

Swaha Pattanaik President Francois Hollande is in a more parlous position than the French economy. While unemployment is at a record high of 3.591 million, consumption is holding up well and growth may turn out to be stronger than private sector economists had previously anticipated. But missteps are making Hollande and his ruling centre-left Socialists increasingly vulnerable before the 2017 presidential elections. First, protests and strikes forced the government to start watering down flagship reforms that were supposed to inject new dynamism into the labour market. This has satisfied neither employers ...

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First Published: Mon, April 04 2016. 21:19 IST