Francois Hollande's tough first year

Francois Hollande attends a ceremony in the rain to pay respect to the Unknown soldier at the Arc de Triomphe on 15 May 2012 in Paris. For some, the heavy rain at Mr Hollande's inauguration was a foretaste of things to come

A year ago today Francois Hollande was sworn in as French President. It was a day of dark and forbidding skies.

The new president rode up the Champs Elysees in an open-topped Citroen in the pouring rain and emerged bedraggled.

Before the day was out his plane had been hit by lightning while en route to see Angela Merkel. For some it was an inauspicious start.

Mr Hollande had won the presidency because he was not Nicholas Sarkozy, who the French had grown weary of. He had cleverly sold himself as Mr Normal in contrast to the flashy and hyperactive Sarkozy.

He openly challenged the German prescription for Europe of putting austerity first.

Mr Hollande's promise was to pursue growth and jobs while at the same time preserving the French way of life.

Losing confidence

In the event, the economic news has been grim. Unemployment has marched steadily higher towards 11%. Today, the economy is back in recession and growth forecasts have been cut.

France has been given an extra two years to meet its target for cutting its deficit and through all this the French consumer has lost confidence (the French finance minister insisted today that France would achieve growth of 0.1% this year).

A file picture taken on 21 May, 2012 shows French President Francois Hollande (left) speaking with German Chancellor Angela Merkel during a meeting with partner nations in Chicago Mr Hollande's relationship with German Chancellor Angela Merkel has at time been strained

Mr Hollande has at times seemed uncertain. On the campaign trail he had declared the world of finance his adversary. It had prompted him to impose a tax rate of 75% on those with salaries over 1m euros.

But the tax became bogged down in a legal challenge and there were some high-profile departures from France.

He had promised- for some workers - to bring down the retirement age to 60 from 62. Now raising the retirement is back on the agenda.

The Germans were very critical of what they saw as President Hollande's slowness in reforming the French economy.

The government has now passed a law making it easier to lay people off and for employers to be able to adjust pay and conditions in difficult times.

The president, however, has moved cautiously, unwilling to offend his natural supporters on the left. Many of them have become disillusioned as big companies have continued to shed labour.

'Lost time'

During the campaign Francois Hollande had stood on top of a vehicle outside the ArcelorMittal steel plant in Lorraine where blast furnaces were facing closure. He promised to do everything to keep the site open.

Now he stands accused of a "broken promise" as the furnaces are moth-balled.

Unionists and employees of steel giant ArcelorMittal's blast furnaces at Florange, eastern France, carry a mock tombstone bearing the legend: "Betrayal - Here lie the broken promises of F Hollande" Mr Hollande has been accused of "betrayal" by the employees of steel giant ArcelorMittal

Recent surveys show the French to be among the most pessimistic in Europe. That has made them reluctant spenders and consumers.

Spending on cars, for instance, is down 18%. They have cut back on buying computers and mobile phones. And even though the German economy has only narrowly escaped recession, the prospects for it are much brighter.

In the past France and Germany together provided the motor for the European Union.

Now Germany is the indispensable power. France has seen its influence wane. The relationship between Angela Merkel and Francois Hollande is strained.

Increasingly, Berlin sees France as edging into the southern European camp of countries in difficulty and becoming the champion of those questioning the emphasis on austerity.

All of this and the occasional scandal has undermined Francois Hollande's presidency. The criticism -even from allies - is that it has been a wasted year; 12 months of lost time as his former partner said.

Polls suggest that more and more French people understand that fundamental change will have to be embraced to make France competitive again.

Here's the question - can Francois Hollande emerge as a reforming president or is he too timid, too indecisive, too beholden to those who want to preserve the French way of life with its strong welfare safety nets?

Gavin Hewitt Article written by Gavin Hewitt Gavin Hewitt Europe editor

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  • rate this

    Comment number 107.

    106 Jay

    Have you proof to support your theory?

    Conditions are equal for all EU members. They can export what they produce and at what prices they can get without interference.
    It is therefore up to the individual countries to strike the right balance

    Germany and others have no more advantages than anybody else. But we mistakenly thought finance and service industries were our future

  • rate this

    Comment number 106.

    #99 Margaret
    It has nothing to do with cost or quality. Rather protectionism.
    EDF is government owned and enjoys a virtual monopoly at home whilst voraciously eating into the markets of other EU members. Germany sees no problem with Siemens grabbing market share of other countries' railway carriage needs whilst pleading for protection in its own back yard (or rail yard). Some open market that.

  • rate this

    Comment number 105.


    This "escalation" is down to a failure of €uropean leaders to bite the bullet during/ not that long after the Euro launch and then again after the 1st Greek bailout. so is infact not an escalation in the real sense but a catch up to the policies chirac & schröder should have been perusing.

  • rate this

    Comment number 104.

    102 David

    You obviously know more than the official compilers do which I repeated at *96 .. Do let us know where your information comes from.

    Unless of course you have lived abroad for a long time or learned to repeat the propaganda of your adopted country.

    I've lived in France during my student days but have never been to Poland so can't verify your comparisons.

    Have you?

  • rate this

    Comment number 103.

    "The French president was in apocalyptic mood. "If Europe does not advance it will fall," he said, "or even be wiped out from the world map"


Comments 5 of 107



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