SPERI Paper No.10 - The Hollande Presidency, the Eurozone Crisis & the Politics of Fiscal Rectitude
Update: 2014-08-26
Description
This paper analyses the political economy of the Hollande Presidency in France, evaluating the economic policies pursued by the French Socialist President since May 2012. It explains the limited coherence and success of economic policy under Hollande in terms of constraints operating at domestic and European levels, and through credibility concerns of financial markets. Domestically, it highlights difficulties managing the presidential majority, notably due to presidentialised factionalism within French Socialism. At the European level it explores disagreements within the Franco-German relationship over which economic ideas should underpin macroeconomic policies to tackle Europe’s recession and efforts to resolve the Eurozone crisis.
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