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Will the economy ruin Hollande's plans?

Thursday, September 08, 2016 - 01:36

President Francois Hollande has made his clearest indication yet that he intends to run for a second term in office next year. But, as Sonia Legg reports, his record on France's economy may prove his downfall.

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Wounded and on the attack. The French President took a swipe at right-wing opponents in an hour-long speech on democracy and terrorism. (SOUNDBITE) (French) FRENCH PRESIDENT, FRANCOIS HOLLANDE, SAYING: "I won't let the image of France, the standing of France, the influence of France, deteriorate over the coming months or coming years." The speech was the clearest indication yet that Francois Hollande intends to run for a second term. It won't be easy - he's the most unpopular leader in modern French history and his track record on the economy leaves a lot to be desired. (SOUNDBITE) (English) IG SENIOR ANALYST, CHRIS BEAUCHAMP, SAYING: "We haven't seen evidence of a turnaround, we haven't seen evidence of labour reforms, none of the boxes have been ticked where France is concerned, it's once again the big worry." France's central bank is predicting growth of 0.3 percent in the third quarter, after stagnating in the second. That was a blow for Hollande who's been trying to talk up the economic recovery. (SOUNDBITE) (English) IG SENIOR ANALYST, CHRIS BEAUCHAMP, SAYING: "Time is fast running out for the French government. I think Francois Hollande could go down in history as one of the most unfortunate and one of the most unpopular French presidents, having failed on most fronts to get the economy moving again, there seems little in the way of good news that we can take away from his Presidency." You could argue in some ways Hollande has been unlucky - particularly when it comes to security issues. But the attacks are many pronged - one new opinion poll suggests 86 percent of voters view his handling of the economy as "unfavourable". Even more damning - nine out of ten don't want him to seek a second term.

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Will the economy ruin Hollande's plans?

Thursday, September 08, 2016 - 01:36