François Hollande is at an all-time low after the Socialist government’s “Monsieur Propre” (Mr Clean), Jérôme Cahuzac, admitted to having a “bank account abroad” for the past two decades. The former budget minister with responsibility for cracking down on tax dodgers admitted to holding €600,000 in an illegal offshore bank account at UBS Switzerland. Hollande is now facing questions about exactly what he knew and when. Scandals are arguably the least of Hollande’s worries. His flagship 75% top rate of tax has been ruled unconstitutional, wealth creators and film stars alike are fleeing his tax tyranny. This week his new supertax on companies has been shunned by business leaders, and even the left-wing press are abandoning him. As unemployment hits a 16-year high, Hollande’s approval rating is at a record low for any leader so early into his mandate. France is suffering from the disastrous consequences of electing the socialist president.
Where is Ed Miliband in all this? Last summer Ed was welcomed onto the steps of the Elysee Palace by his new best friend, declaring:
“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.”
As is plain for all to see, Hollande’s “different way forward” is dragging his country to her knees. Even Ed knows this, notice how he doesn’t seem to talk about his old pal François so much any more? France should serve as a warning to us all of what would happen under Monsieur Millibande…