Despite French president François Hollande's recent declaration that a recovery is under way, many policymakers continue to regard the country's troubled economy, the second-largest in the eurozone, as a growing liability for the troubled currency union. For Dominique Moïsi, special adviser at the French Institute for International Relations, the question is whether France has fundamentally shifted away from healthier countries in the North of Europe "and moved in the direction of its Southern European neighbors."
He describes Hollande as a moderate constrained from pursuing bold reforms by both his political left and eurozone requirements. Regarding nascent EU-U.S. free trade talks, he defends France's insistence on cultural exception, but believes that "the Asian challenge should force us to go beyond our differences."
Read more: Is France Heading South? - Council on Foreign Relations
He describes Hollande as a moderate constrained from pursuing bold reforms by both his political left and eurozone requirements. Regarding nascent EU-U.S. free trade talks, he defends France's insistence on cultural exception, but believes that "the Asian challenge should force us to go beyond our differences."
Read more: Is France Heading South? - Council on Foreign Relations
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