Free-market wins in socialist France
The world was made to believe that France is the staunchest socialist bastion in Europe. Th
e lethargic French workforce, which constantly demands more leaves & cussedly holds on to state sponsored benefits has a lot to do with it. These ill-conceived notions got a beating, when the French public, in an emphatic verdict elected the right wing candidate Nicolas Sarkozy (53.06% votes) against the socialist Segolene Royale (46.94% votes). That this was the third consecutive defeat for the socialists only proves that the French people are now genuinely interested in
uplifting the country from the sluggish growth rates that have been afflicting their economy.
For Complete IIPM Article, Click on IIPM Article
The world was made to believe that France is the staunchest socialist bastion in Europe. Th
e lethargic French workforce, which constantly demands more leaves & cussedly holds on to state sponsored benefits has a lot to do with it. These ill-conceived notions got a beating, when the French public, in an emphatic verdict elected the right wing candidate Nicolas Sarkozy (53.06% votes) against the socialist Segolene Royale (46.94% votes). That this was the third consecutive defeat for the socialists only proves that the French people are now genuinely interested inuplifting the country from the sluggish growth rates that have been afflicting their economy.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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