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France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
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France's deficit is at 4.3% of GDP in 2014, exceeding the EU target of 3% and putting at risk France's committment to reach this by 2015. Unemployment is at 11% in early 2014. President Hollande appoints a new prime minister, Manuel Valls, to tackle the economy after losing local elections in France.
The selection of Manuel Valls as the new prime minister in France after the Socialist party loses local elections in France in March 2014
09/12/2013
Low ratings for President Hollande and the selection of a new prime minister by Hollande to tackle the economy. The deficit is expected to rise to 4.3% exceeding the EU target of 3%, unemployment remains high at 11% in April 2014.
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France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
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France's president Hollande's revision of the 2012 budget
06/23/2010
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Wall Street Journal 05/29/2013
France Says It Will Miss Budget Deficit Targets
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France's Lagarde Forecasts Austerity
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France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
EU Won’t Reject French, Italian Budgets
Wall Street Journal 10/28/2014
European Union Blinks in Budget Battle With Italy and France
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Robert Shiller and "winter on the family farm" as a metaphor in tough economic times instead of "tightening the family belt"
01/27/2009
Shiller cites the "balanced budget theorem" of Salant and the economist Paul Samuelson during the FDR period. This showed that with taxes and expenditures going up during tough economic times the higher output leads to national income increasing by the amount of the tax. French president Hollande's plan to hire 60,000 teachers is of this kind, says shiller, because the higher taxes on incomes over 1 million euros supporting the hiring would increase national income by that amount.
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How to Fix the Economy: An Expert Panel
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France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
How National Belt-Tightening Goes Awry - Economic View
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Hollande and passage in the French Assembly of the EU budget discipline treaty that limits deficits to 3%
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Wall Street Journal 05/29/2013
France Says It Will Miss Budget Deficit Targets
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France Assembly Approves Europe Budget Treaty
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France’s Hollande struggles to regain popularity - The Washington Post
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Challenging France to Do Business Differently
New York Times 12/19/2012
The new administration of Francois Hollande in France
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Finance Minister Pierre Muscovici, was European Affairs minister in 1997-2002, Foreign Minister is Laurent Fabius, a former prime minister in the 1980's, and Michel Sapin is Minister for Employment, Labor and Social Dialogue. This gives Hollande an experienced team to implement his program and achieve a reorientation of EU policies towards growth.
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Year Into Hollande Presidency, âa Sense of Driftâ
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For France, U.S. delay on Syria fuels doubts - The Washington Post
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France Tries to Tempt In More Foreign Investment
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In Race to French Presidency, Hollande Sets His Own Pace
New York Times 05/05/2012
France's Hollande Replaces Prime Minister Ayrault with Manuel Valls
Wall Street Journal 04/01/2014
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