Monday, July 18, 2011
Aubry and Hollande have finally clashed over an issue: Which of them is the more devoted to austerity? With unemployment at 9.2%, one might have expected one of them to take the view that putting people to work should be the immediate priority, with deficit reduction relegated to some point in the future. But both appear to wish to portray themselves as "responsible" stewards of the economy rather than champions of the unemployed. Is this because the unemployed don't vote or contribute to campaign war chests? Or have both leading Socialists retreated to the criteria of the Maastricht treaty, which has demonstrated its inadequacy in so many ways, as a way of demonstrating their reliability and soundness as fiscal managers?