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Published On: Wed, May 9th, 2012
Uncategorized | By Derick Jacobs

Francois Hollande: A major left turn for France?

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François Hollande, the newly elected president of France, has many challenges ahead.

When Francois Hollande was elected the new president of France, many were enlightened at the fact that Nikolas Sarkozy was no longer under control of the country, but now many are questioning whether or not Hollande himself can handle the challenges that are ahead of him in coming weeks.What do you think?

President Francois Hollande has a busy schedule, meeting President Barack Obama on May 17th and a string of high profile political events around the globe in a matter of days.

But, events aside, let’s take a look at some of the key issues Hollande faces now being the President of a country that isn’t-doing-so-hot economic wise.

The French Debt

The French debt is a staggering 90% of GDP, the 2011 deficit was 5.2%. Holande has promised in 2013 to lower than to 3% and in 2017 to lower it again to zero.  Nikolas Sarkozy however had promised a year earlier to do the exact same thing.

Can he do it?

That is only one of the many challenges Hollande faces, first and foremost attempting to convince a market that he can reform it to  a financially fiscal economy to extend France’s growth as a bolstering country like it’s neighbors whom are already growing mighty fast.

The biggest hurdle Hollande faces with that challenge is the fact that countries like Spain have already fallen into recession slowly behind France,  scratch that, 13 European countries have fallen into recession and France is  nearly just one of them .

Leaders of other European countries have already begun asking for consolidated fixes on their economic woes.

Chime in! What do you think about Francois Hollande? Do you think he can get the once beloved and treasured country of France back on track without creating to many negatives but more positives?

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About the Author

- Derick Jacobs is the founder of The Bendell Corporation. Bendell Corp has 4 different companies in its catalog, including publishing rights, a music distribution company, and an image library with thousands of images inside.

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  1. Rosette Bastillette says:

    Me voilà vraiment en colère.J’ai voté François Hollande au deuxième tour parce que je voulais croire ai changement tel qu’il était exposé et à la création d’une équipe gouvernementale irréprochable. Comme je suis déçue de voir que François Hollande va choisir comme chef du gouvernement Jean Marc Ayrault, qui n’est clairement pas irréprochable. Ce monsieur a vraiment était l’objet d’une condamnation à six mois de prison pour fait de favoritisme. Quelle déception !!!.

    • Evelyn Randella Daniels says:

      Francois from a number of aspects seems a little strange for Presidential pick, but then again, this is France we’re talking about.

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