Wednesday, June 20, 2012

France's Francois Hollande: new boss same as the old boss...

Statements over the past week by newly elected French president Fran├žois Hollande, his interim Prime Minister Jean-Marc Ayrault and Foreign Minister Laurent Fabius gave a clear indication of the imperialist, anti-worker intentions of the new bourgeois government of the Socialist Party (PS).

Hollande is lining up the forces he will deploy to defend the interests of French capitalism in the turbulent economic, social and political situation developing in Europe and globally.

There are sharp differences among the euro zone countries on how to manage the European debt crisis, now also enveloping Spain and Italy. The southern countries, deeply indebted and needing massive financial aid in order to avoid default, increasingly see France as their ally. The northern countries oppose any more bailouts unless the finances of the debtor countries are placed under virtually total control of Brussels bureaucrats, acting at the orders of Germany, the most powerful European economy.

Amid these profound conflicts there is one issue upon which these bourgeois governments agree: the debts to the banks and big investors must be paid for by the working class, through slashing jobs and wages to boost profitability and “competitiveness.” Full story...

Related posts:
  1. France's election choice is between a jackanapes and a dunderhead...
  2. The world is at the mercy of irrelevant pygmies like Berlusconi and Sarkozy...
  3. Disgusted British voters give ALL three party leaders the worst poll ratings in history...
  4. Western democracy: a farce and a sham...
  5. Financial crisis: Eurocrats are terrified of democracy...
  6. IMF chief Christine Lagarde and her fairytale world...
  7. Democracy, elections and "the lesser of two evils" con-game...

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