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Hollande: 'My real enemy is the world of finance'

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Mon, 07 May 12 5:19 AM | 88 view(s)
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Nabila Ramdani: A fiercely left-wing leader to strike fear into the hearts of France's rich

He has admitted that he 'does not like the rich' and declared: 'my real enemy is the world of finance'

Monday 07 May 2012

Independent.co.uk

France will be waking up today to its first Socialist President for 17 years – and bracing for radical change. There are all kinds of reasons why one might fear a François Hollande presidency, especially if you are a prosperous French person.

The 57-year-old Socialist has openly admitted that he "does not like the rich" and declared that "my real enemy is the world of finance". This means taxing the wealthy by up to 75 per cent, curtailing the activities of Paris as a centre for financial dealing, and ploughing millions into creating more civil service jobs.

Add an explicit threat to renegotiate the euro pact to replace austerity with "growth-creating" spending, and you have one of the most vehemently left-wing programmes in recent history.

German Chancellor Angela Merkel – the woman at the centre of the Franco-German economic powerhouse which has dominated Europe – was at one stage even threatening to campaign for her conservative ally, Nicolas Sarkozy, against Mr Hollande.


More: http://www.independent.co.uk/opinion/commentators/nabila-ramdani-a-fiercely-leftwing-leader-to-strike-fear-into-the-hearts-of-frances-rich-7718666.html




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