Hollibande Update: 2nd Quarter of Zero Growth in France

“What President Hollande is seeking to do in France and what he is seeking to do in leading the debate in Europe is find that different way forward. We are in agreement in seeking that new way that needs to be found and I think can be found.”

Ed Miliband, 2012.

The graph below shows just how things have gone en France in the two years that followed. Growth has stagnated at zero for a second quarter, Hollande’s government has slashed its growth forecasts, and has admitted it will miss its target for cutting the deficit.

Allister Heath is worth reading in the Telegraph today:

“It is hard to exaggerate the trouble that Francois Hollande, France’s president, now finds himself in. It is not just that his popularity has collapsed and that his misguided stewardship of the French economy has crippled his country, helping to deliver a second consecutive quarter of zero growth.

The real problem is that France is slowly but surely emerging as the eurozone’s weakest link… There was a time when economists thought that Greece, Spain or even Portugal would trigger the real, final eurozone crisis that would threaten the single currency and potentially lead to the unravelling of the entire bloc. Increasingly, it feels as if it will be France that will eventually emerge as the euro’s biggest threat, though of course the whole rotten structure is likely to stumble on for years to come.”

What was that about “the choice“?



Tip offs: 0709 284 0531
team@Order-order.com

GuidoFawkes Quote of the Day

Paul Waugh asks Chuka Umunna if he wants children:

“It’s always something that my father taught me, which is really the bedrock of everything is your family and that’s true. My family and the people close to me keep me sane. Sometimes, things get blown up out of all proportion in this place and that’s always the reaction of my family, my girlfriend and my friends. I can use that to judge whether it really is that important.”

Top Posts This Week

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.

Facebook

Guardian’s Double Digit Decline Guardian’s Double Digit Decline
UKIP Candidate’s Song for Dave UKIP Candidate’s Song for Dave
Green’s Loony Tune Fracking Conspiracy Theory Green’s Loony Tune Fracking Conspiracy Theory
MOD PREPARING TO DEFEND YOUR FRIDGE FROM CYBER ATTACK MOD PREPARING TO DEFEND YOUR FRIDGE FROM CYBER ATTACK
The Only Way Is Dave The Only Way Is Dave
Debate Dodging Dave Debate Dodging Dave

Guardianistas Vote for Editor Guardianistas Vote for Editor
Former Tory MP Denies ‘Rent Boy Ring’ Former Tory MP Denies ‘Rent Boy Ring’
JEREMY HUNT SLASHES NHS TECH FUND JEREMY HUNT SLASHES NHS TECH FUND
Gordon’s Seat Could Go to SNP Gordon’s Seat Could Go to SNP
NHS ADMIT MEDICAL RECORDS ARE NOT SAFE NHS ADMIT MEDICAL RECORDS ARE NOT SAFE
Today’s PMQs SKETCH: A New Low Today’s PMQs SKETCH: A New Low
Yet Another Mainstream Media UKIP Smear Yet Another Mainstream Media UKIP Smear
HANDS ON WITH THE NEW SINCLAIR ZX SPECTRUM HANDS ON WITH THE NEW SINCLAIR ZX SPECTRUM
Typical Trade Union Drivers Typical Trade Union Drivers
Labour MP in Misuse of Taxpayer Cash Row Labour MP in Misuse of Taxpayer Cash Row
BOFFINS: CLIMATE CHANGE CAUSED ISIS BOFFINS: CLIMATE CHANGE CAUSED ISIS
Mystery of Massive Miliband Mystery of Massive Miliband
Follow

Get every new post delivered to your Inbox.

Join 1,820 other followers