Friday 15 December 2017

Catherine Bremer: After parliamentary elections and G20 summit we'll get a sense of what French president Francois Hollande is really made of

WHEN Francois Hollande waded into the euro zone debt crisis after taking office as French president, his push for a new focus on growth over austerity was widely welcomed, except perhaps in Berlin.

Two weeks later, ballooning bank woes in Spain and political turmoil in Greece have taken the debate to a new level that has left Hollande in deeper water than he imagined and will test his political and diplomatic skills to the full.

Europe's lurch back into crisis should allow the French Socialist, one of the EU's few left-wing leaders, to achieve his initial policy goals: a pro-growth pact and more time for euro zone states to reach their deficit reduction goals.

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