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France must reform or the euro will die
The game was given away, however, by Francois Hollande, who responded ungratefully to a two-year extension on austerity targets by accusing Brussels of “dictating” cuts to France’s cherished social model. The Socialist French President has a point. Behind the cover of easing up on austerity, the commission flexed new European Union powers to enforce economic reform and France is in its sights. France, the eurozone’s second biggest economy, demanded the creation of a single currency as the price for allowing German reunification two decades ago. Since then France has regularly broken the EU and eurozone’s ... (full story)
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