Good luck with Le Basket Case French economy, Monsieur Macron, writes LEO MCKINSTRY
By Leo Mckinstry For The Daily Mail
9 May 2017
Oh, how the European political establishment is crowing over the victory of Emmanuel Macron in the French presidential election.
The ‘youthful’ [champagne] ‘socialist’, former [Rothschild] banker is widely seen as the ideal figure to rebuild his ailing country and to reinvigorate the crisis-ridden EU.
With his globalist values, rhetoric of economic reform and belief in ever-greater federal integration under Brussels, he is the antithesis of the nationalist wave that has swept the West of late.
And, of course, what makes Macron’s triumph all the more appealing to the Eurocracy and its supporters is his uncompromising stance on Brexit. Here is the new champion of the European project against ‘perfidious’ Albion.
Bristling with federalist zeal, Macron recently described Britain’s decision to leave as ‘a serious mistake’ and ‘a crime’ which has left us ‘facing servitude rather than taking back control’. He now denies that he wants to hurt our country, but too often his language points in that direction.
He has argued there should be restrictions on Britain selling financial services in the Eurozone ‘as a matter of sovereignty’, and made it clear that luring bankers from the City to Paris is a priority. One of his first acts yesterday was to threaten an end to the Le Touquet agreement, by which UK border checks take place at the French Channel ferry ports, giving us more control over who enters the country.
But before he gets carried away with what the future holds for Britain, the new President should consider putting his own house in order. For, as he ensconces himself in the Elysee Palace, his biggest problem by far is the woeful state of the French economy.
France today is a basket case. It is under siege, weighed down by mass unemployment, a bloated public sector, an unaffordable welfare system, and a hopelessly outdated, inflexible labour market paralysed by powerful unions.
It is hard to know where to begin. For one thing, Macron cannot hope to help France to prosper once more unless he can end the destructive anti-competitive business culture that punishes enterprise and job creation. He will have his work cut out if he tries.
Read more: http://www.dailymail.co.uk/debate/article-4486624/Leo-McKinstry-Emmanuel-Macron-French-economy.html#ixzz4gauWkZ00