The French Presidential Cycle; Will it go on With Emanuel Macron
The French people are used to the presidential rhythm. The rhythm consists of optimism that comes with every presidency where the president promises to transform the economy. In every president’s manifesto is a way of securing employment for the nation’s citizens while delivering overall growth to the country. At the end of the four years, the president will have failed and will not be elected for a second term in office. Presidents who have lived to this cycle include Jacques Chirac, Nicolas Sarkozy, Francois Mitterrand as well as Francois Hollande. For instance, during the presidency of immediate former president Francois Hollande, the economy only recorded a one percent improvement. According to many people including experts, this is a very poor standard considering the country is one of the founding members of the European Union.
The Guardian reported that the French people don’t trust the old parties anymore and are desperate to try a new party that will likely give the country some hope. Looking at the previous results, it easier to tell that people voted for outsiders such as Emanuel Macron and Jean-Luc Melenchon. Since Emanuel Macron won the elections, he will have to deliver if he is to seek a second term. France economy is said to have underperformed in the last 15 years. According to the Guardian, France and Germany were the biggest countries in the Eurozone. This has since changed as the living standards in Germany are better than those of France by a fifth. It’s important to note that the unemployment rate in 2002 between these two countries was eight percent. However, France unemployment rate has risen to 10 percent while that of Germany has dropped below four percent. At the same time, the age group that has been affected most by the unemployment is the group below 25 years where out of four youths, one is unemployed.
Experts say that there is an inferiority complex in place for France when being compared with Germany. France even voted for the single currency in Europe with the hope that it would cut back the influence of Germany over European economic situation. However, the Germans had suspected this and were able to put the right mechanisms in place. Among the things that Macron wants from Germany is a reflation deal as well as a monetary union project. Also, the project should be overseen by a select committee preferably Eurozone Parliament.
Although First Lady Melania Trump didn't appear...Read More
The EU got some big news earlier this week when...Read More
France’s president, Emmanuel Macron and his prime...Read More
Following the decision of Britain to exit the...Read More