The French are inordinately worried about cost of living increases and lagging salaries, so much so that a recent poll showed that 48% think they could end up homeless and on the street.
Even if the French are being a tad melodramatic, the poor economic mood has already affected the presidential race between Socialist candidate Ségolène Royal and Nicolas Sarkozy of the centre-right. Both pledge to tackle heavy taxation and generous welfare benefits, as only the French can. More of the same!
They are . . . promising good old French remedies: more taxes, more welfare spending and more restrictions on the private sector. They are also both blaming Europe for France's woes.
France’s anti-free market policies, which both candidates promise to uphold and strengthen, have nothing to do with it.
Times of London Paris correspondent Charles Bremner accuses the pair of duplicity.
Both are guilty of hypocrisy. They know that France badly needs tough medicine. They say so in private but they also acknowledge that they are wary of alarming voters.
According to recent polls, only about 20% of French voters want radical economic reforms. The other 80%, apparently, would be alarmed by honesty about France’s prospects if present socio-economic policies are not fundamentally altered.
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