French President Francois Hollande forced into humiliating U-Turn

[IrishBrother]

Company taxes will fall by €20bn a year equal to 1pc of GDP, to be phased in gradually by 2015 under a convoluted system of rebates.
Premier Jean-Marc Ayrault said it amounted to a 6pc cut in unit labour costs, enough to close the gap with eurozone rivals. "France is not condemned to a spiral of decline, but we need a national jolt to regain control of our destiny," he said.
The mid-rate of VAT for restaurants and services will jump from 7pc to 10pc. The top rate will rise slightly to 20pc. Spending cuts will plug the revenue gap in order to meet the EU’s 3pc deficit target.
Critics call it the most humiliating U-turn in French politics since François Mitterrand abandoned his disastrous experiment of "Socialism in one country" under a D-Mark currency peg in 1983.
Mr Hollande came to office vowing lower VAT rates to protect the buying power of workers, and called business tax cuts a "gift to the rich". He imposed €10bn of fresh taxes on firms just weeks ago in his 2013 budget, a move that set off a revolt by business leaders.

Francois Hollande lurches Right in historic U-Turn to save French economy - Telegraph

How embarrassing. He essentially got into power by promising to do one thing, then when he got into power - did the polar opposite.

How will the broader left in Europe react to this news? Is it time for the left to reavalue their options and positions?

 

[Slaimon Khan Shah]

FRANCE NEEDS TO LET WOMEN COVER UP IF THEY WANT TO.

 

[88m3]

Le sigh

 

[thekingsmen]

Le sigh

Weren't you praising him not to long ago?

 

[Broke Wave]

Francois Hollande lurches Right in historic U-Turn to save French economy - Telegraph

How embarrassing. He essentially got into power by promising to do one thing, then when he got into power - did the polar opposite.

How will the broader left in Europe react to this news? Is it time for the left to reavalue their options and positions?

Why would the left do that? Why would one politicians lies have any impact on whether the policies that the left wing in Europe advocates are viable or not? How does this reverse the complete failure of right wing austerity in Europe?

 

[Liu Kang]

News is from November 2012, why are you posting that now ?

Plus, Hollande may be backing on some subjects but still tries to do what he promised. Real-politik is real, and it's obvious he wouldn't be able to do everything he told in the campaign considering the state of France's finances...

And to finish, the author, Ambrose Evans-Pritchard, is a capitalist euro-sceptic writer so it's not even a surprise to see him hate on Hollande.

 

[SCORCH]

News is from November 2012, why are you posting that now ?

Plus, Hollande may be backing on some subjects but still tries to do what he promised. Real-politik is real, and it's obvious he wouldn't be able to do everything he told in the campaign considering the state of France's finances...

And to finish, the author, Ambrose Evans-Pritchard, is a capitalist euro-sceptic writer so it's not even a surprise to see him hate on Hollande.

What's this about Sarkozy trying to stage a political comeback? There's talk of him running for presidency in 2017.

 

[Liu Kang]

What's this about Sarkozy trying to stage a political comeback? There's talk of him running for presidency in 2017.

Nearly unbearable... After being defeated dude told he would never do politics again and would focus on doing business "to make money" (his own words, as if he was not already rich), but a year later dude he's back on some "I feel like I can save France from Hollande".

But what you gotta know is that "his" party (UMP party) is in shambles (he was the president until 2007 when he ran for France presidency).
There were two dudes competing for the party presidency to run for 2017 who were his former prime-minister (François Fillon) and the current UMP president (Jean-François Copé).
Then the vote didn't not end well because there were frauds and cheatings from both sides and they finished neck and neck accusing each other of frauds and stuff. So they decided to let Copé in place until the new vote... in september '13

The party is currently in expectation and Copé officially runs it but both sides constantly shyts on each other. So Sarkozy came back in this mess scheming on some savior shyt and now he's -nearly- back...

 

[SCORCH]

Nearly unbearable... After being defeated dude told he would never do politics again and would focus on doing business "to make money" (his own words, as if he was not already rich), but a year later dude he's back on some "I feel like I can save France from Hollande".

But what you gotta know is that "his" party (UMP party) is in shambles (he was the president until 2007 when he ran for France presidency).
There were two dudes competing for the party presidency to run for 2017 who were his former prime-minister (François Fillon) and the current UMP president (Jean-François Copé).
Then the vote didn't not end well because there were frauds and cheatings from both sides and they finished neck and neck accusing each other of frauds and stuff. So they decided to let Copé in place until the new vote... in september '13

The party is currently in expectation and Copé officially runs it but both sides constantly shyts on each other. So Sarkozy came back in this mess scheming on some savior shyt and now he's -nearly- back...

Yeah apparently even Marine Le Pen is watching things closely.

In fact, the danger posed by extremists on both left and right was the reason given by Mr Sarkozy for his possible return. “There will be a social crisis. Then we’ll be caught with a financial crisis of an uncommon violence and it will end in political trouble,” he told Valeurs Actuelles.

He's doing it for the people

Spoiler

 

[Commander in Chiefin]

 

[Broke Wave]

News is from November 2012, why are you posting that now ?

Plus, Hollande may be backing on some subjects but still tries to do what he promised. Real-politik is real, and it's obvious he wouldn't be able to do everything he told in the campaign considering the state of France's finances...

And to finish, the author, Ambrose Evans-Pritchard, is a capitalist euro-sceptic writer so it's not even a surprise to see him hate on Hollande.

Thanks a lot for this, I was thoroughly confused but I did not read the article. I saw a lot of blow-back from the super rich on Hollande and thought he was really doing what he was supposed to be doing, and it turns out, I was right, and this author is a pathetic racist.

for teaching us stuff, friend!