August 26th, 2014
France’s government has fallen. With a 17 percent approval rating, President Francois Hollande cannot keep his Socialist ducks in order.
Economy Minister Arnaud Montebourg flew away after a weekend squabble over Hollande’s leadership. You can’t blame him; it’s hard to be Economy Minister and defend a 10-percent unemployment rate along with a mucky business climate. Here’s my CNBC.com commentary comparing Hollande to the wily Francois Mitterrand.
Hollande stormed into office in 2012 with populist propaganda condemning business owners and catapulting … Continue Reading →