France has seen a sudden change of government. Arnaud Montebourg, Economy minister made a speech criticising the obsession with budgetary consolidation (which is a very strong contributor to the persistent slump that the Eurozone has found itself in for 4 years), and reminded that France was a free country whose (nominally) left-wing government did not absolutely have to conform to the whims of the German right.
The answer came quickly, as president François Hollande suddenly realised what his spinelessness in the face of German demands led to, and he sacked Montebourg. A couple of days later, we learnt that he would be replaced by Emmanuel Macron, a former Rotschild banker "credited" with Hollande's even-further-right-wing turn and with convincing him of Say's "law" (that offer creates its own demand). He wasted no time to establish his right-wing credentials, calling for pet right-wing measures (such as abolishing the 35 hours week) within a day of being in his new role.
The answer came quickly, as president François Hollande suddenly realised what his spinelessness in the face of German demands led to, and he sacked Montebourg. A couple of days later, we learnt that he would be replaced by Emmanuel Macron, a former Rotschild banker "credited" with Hollande's even-further-right-wing turn and with convincing him of Say's "law" (that offer creates its own demand). He wasted no time to establish his right-wing credentials, calling for pet right-wing measures (such as abolishing the 35 hours week) within a day of being in his new role.
