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Francois Hollande: just how bad is he as President?

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I am wondering what those members who live or regular visit France, feel about the Presidency of Francois Hollande?

To me he comes across as completely incompetent.

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He's a true socialist (unlike the likes of Milipede). The state in France makes up almost 60% GDP, maximum income tax rate is 75% and he has not liberalised any industries since coming to power.

 

The result is that while Ireland comes off "life support" after its bailout, France is near enough in recession, it's unemployment rate is actually increasing and 400,000 tax payers have fled to London.

 

Not only that but Sarkozy and Merkel together were a great team and did significant things to the Eurozone, Hollande seems somewhat distant.

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The result is that while Ireland comes off "life support" after its bailout, France is near enough in recession, it's unemployment rate is actually increasing and 400,000 tax payers have fled to London.

 

Is that 400,000 figure absolutely accurate? It seems like an extraordinarily high number to me?

 

Bish

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Never heard of the guy 'til now (international politics - yawn), but those two birds he's (allegedly) knocking off look alright to me.

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I remember going to my place at Capestang just after the presidential election - one of Hollande's election pamphlets had been put through the door, I can't recall its full details but it was promising a reduction in retirement age and lots of other goodies which I could see any chance of fulfilling bearing in mind the economic climate at the time.

It's quite clear now that he intended to finance part of it by the 75% tax rate but this appears to have backfired on him with many voting with their ferry tickets to Dover.

His election was due to a protest vote by the French electorate since Sarkozy did not win any popularity votes either but little did they realise that they were going from the frying pan into the fire - those I have spoken to haven't a good word to say for him.

A significant part of France's income comes from the tourist industry but at the moment they are trying to screw every last centime out of the holiday maker. Since his election I have had to pay taxe sejour in respect of people staying in my house - I bear these costs since I dare not put up prices to account for them - taxe d'habitation went up significantly this year and to date I have had far less enquiries than what I had last year.

I really can't understand it because to encourage tourists would increase revenues and employment prospects for the young.

Roll on the next election and let's hope they find a decent candidate from somewhere, otherwise Madame le Penn will be in with a chance. I cannot see Hollander being re-elected - he must be the most unpopular president in living memory.

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Is that 400,000 figure absolutely accurate? It seems like an extraordinarily high number to me?

 

Bish

It's supposedly how many french people live in London, hardly the amount that have fled there for tax reasons.

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The privacy laws protecting the rich and powerful in France are very harsh - one reason why Mitterand's long-term affaires and wrong-side-of-the-blanket daughter went unreported for so long. The magazine is going to find itself shut down, whether the story is true or not, probably because whatever claim Hollande makes against it would be enough to bankrupt the US Federal Reserve.

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It's supposedly how many french people live in London, hardly the amount that have fled there for tax reasons.

No not all but an increasing number are going to London for business and tax reasons.

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Sounds all too familiar Mike...another suit and their over willing side-kicks, no doubt the speeches and sound bites, come hand in hand.Time to perhaps re think how countries are governed - let's get bin men, dinner ladies, shop workers et al at the helm. Ordinary folk. At least then any dud decisions are also likely to affect them directly. Removing the ivory towers, airs and graces...Save a small fortune as well, in times of greater austerity, as we're constantly reminded - we're all in it together, right?

I'm sure there are quite a few people I know who could make a better job including some retired coppers - the problem is that almost of of them would not want it - I certainly wouldn't.

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No not all but an increasing number are going to London for business and tax reasons.

Not all? I would guess it's a tiny percentage of that figure that have moved there since Hollande became president, and plenty of greedy rich Brits move abroad for lower taxes as well.

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Not all? I would guess it's a tiny percentage of that figure that have moved there since Hollande became president, and plenty of greedy rich Brits move abroad for lower taxes as well.

I would suggest that the predominant reason for Brits settling abroad is for an improvement in climate on their retirement, though some wealthy Brits go into a self imposed exile for tax reasons, most of the ordinary Brits moving to sunnier climes in Europe have suffered a reduction in living standards where they have been relying on fixed pension incomes due to the overall reduction in value of the pound against the Euro.

Further afield in such places as Australia the normal index linking to UK state pensions does not apply, so all in all the vast majority of ex pat Brits are not profiting.

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I would suggest that the predominant reason for Brits settling abroad is for an improvement in climate on their retirement, though some wealthy Brits go into a self imposed exile for tax reasons, most of the ordinary Brits moving to sunnier climes in Europe have suffered a reduction in living standards where they have been relying on fixed pension incomes due to the overall reduction in value of the pound against the Euro.

Further afield in such places as Australia the normal index linking to UK state pensions does not apply, so all in all the vast majority of ex pat Brits are not profiting.

I agree with what you say about ordinary Brits, retirees etc. I was more talking about people who go to work in places like the Cayman Islands and other low tax countries , greedy rich people from all countries move for lower taxes and the French are obviously no different.

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I am wondering what those members who live or regular visit France, feel about the Presidency of Francois Hollande?To me he comes across as completely incompetent.

See? I always suspected that we have more in common with the French than is often acknowledged...

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Is that 400,000 figure absolutely accurate? It seems like an extraordinarily high number to me? Bish

That won't be recent immigration.Going by French population, London is actually the 11th biggest French city.Evidence generally points to tax-related immigration being hugely overstated.

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What on Earth must go through your mind to tax the super-rich 75%? You must know the consequences of doing so! Hollande is desperate for a solution and to me he's just as naff as our prime minister. 

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Christine Lagarde, the current MD for the International Monetary Fund, was on the box last night giving a 'Richard Dimbleby Lecture - her tenure with the IMF finishes in 2016, just in time for the next Presidential Election in France which should be 2017 according to my reckoning. 

 

I was very impressed with the way she spoke and appeared to have a genuine concern for society in general. Now if she cared to stand and I was French I would give her my vote - I believe she would be a breath of fresh air after M Hollande.

Edited by mike Meehan

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I am wondering what those members who live or regular visit France, feel about the Presidency of Francois Hollande?To me he comes across as completely incompetent.

Yes most people I talk to think the same. He's been clueless on the economy and shows no signs of improving on that count.

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Yes most people I talk to think the same. He's been clueless on the economy and shows no signs of improving on that count.

 

He's done nothing to tackle the tax burden (not the superficial 70% which people will avoid but the overall taxes on everything - much higher than the UK or Germany) and very little to make the French labour market more flexible. He also is apparently dragging his heels on the trade agreement with the US.

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He has now changed his cabinet to a group of 'yes' people' - His 70% tax has been instrumental in making London one of the larger 'French Cities' - bearing in mind that France is a country which depends a lot on its tourist industry, he has done little to encourage it - whenever people stay in a hotel they have to pay a 'taxe sejour' - I have just noticed that the toll for travelling over the Millau Viaduct has suddenly shot up to 7€90 - my costs for 'taxe d'habitation'  and 'taxe fonciers' rose significantly at the end of last year - it seems that he is trying to grab money any way he can to shore up his ailing finances - meanwhile holiday bookings for my place have taken a significant dip - it's not just me but everybody I speak to, so it seems likely that those who are able to go abroad for their holidays are going elsewhere since France is just about topping the list as being the most expensive in Europe but by attacking tourists and trying to grab their every penny or centime he is killing the goose that lays the golden egg.

 

Roll on the next Presidential election - the problem is that he will have left such a mess that it will take years for a new president to turn round.

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Not looking to good for him..

 

http://www.bbc.co.uk/news/world-europe-29101128

 

France's far-right National Front (FN) party is "at the gates of power", Prime Minister Manuel Valls has warned.

He said his Socialist government had to act and speak "differently" to counter the threat from FN.

His comments came after an opinion poll showed that FN leader Marine Le Pen would beat incumbent Francois Hollande in presidential elections in 2017.

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