France is in disarray, with Nicolas Sarkozy’s popularity at the lowest point seen in decades for a French president and scandal roiling the government. But the deeper problem is that the French are less happy, and less optimistic about the future, than they once were - or than citizens of other countries are now.
PARIS – France is in disarray. According to opinion polls, Nicolas Sarkozy’s popularity is at the lowest point seen in decades for a French president. Last week, two ministers resigned, but a parliamentary and media-sustained storm continues, fueled by conflict-of-interest charges against a minister suspected of corruption when raising money for Sarkozy’s presidential campaign.
Some ministers don’t care much about public perceptions when using public funds, and it is clear that the political atmosphere has become poisonous. The atmosphere in parliament is execrable, and may be enough to topple the government in a no-confidence motion. But the constitution established by General Charles de Gaulle is strong, and Sarkozy will keep his position until the end of his mandate in 2012. The main opposition Socialist Party’s weak electoral prospects are also helping Sarkozy.
The size of France’s political crisis seems to be out of proportion with the country’s real situation. To be sure, France has been severely hit by the global financial crisis and economic downturn. But the consequences have been somewhat less dramatic than in many other European countries.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
The banking system we take for granted is unfixable. The good news is that we no longer need to rely on any private, rent-seeking, socially destabilizing network of banks, at least not the way we have so far.
shows why the current private system is unfixable – and why we don’t need to tolerate it anymore.
Like Vladimir Putin, China's leader is so steeped in a narrative of victimhood and fearful of appearing weak that it is hard to imagine him ever leading China out of the mess he has created. He could well be remembered as the leader who squandered history's most remarkable economic success story.
about the country's increasingly worrisome trajectory, both at home and abroad.
Artificial IdiocyFrank Rumpenhorst/picture alliance via Getty Images
PARIS – France is in disarray. According to opinion polls, Nicolas Sarkozy’s popularity is at the lowest point seen in decades for a French president. Last week, two ministers resigned, but a parliamentary and media-sustained storm continues, fueled by conflict-of-interest charges against a minister suspected of corruption when raising money for Sarkozy’s presidential campaign.
Some ministers don’t care much about public perceptions when using public funds, and it is clear that the political atmosphere has become poisonous. The atmosphere in parliament is execrable, and may be enough to topple the government in a no-confidence motion. But the constitution established by General Charles de Gaulle is strong, and Sarkozy will keep his position until the end of his mandate in 2012. The main opposition Socialist Party’s weak electoral prospects are also helping Sarkozy.
The size of France’s political crisis seems to be out of proportion with the country’s real situation. To be sure, France has been severely hit by the global financial crisis and economic downturn. But the consequences have been somewhat less dramatic than in many other European countries.
To continue reading, register now.
Subscribe now for unlimited access to everything PS has to offer.
Subscribe
As a registered user, you can enjoy more PS content every month – for free.
Register
Already have an account? Log in