A Quote by Francois Hollande
We find ourselves in a difficult situation in Europe. There's a crisis, weak growth, unemployment... my duty is to ensure that by the end of my mandate France is in a better state than it was at the beginning.
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Our international role depends on a strong Europe and a strong Europe depends on France's ability to share leadership with others, including Germany. If France is economically weak and doesn't carry out reforms, it is no longer credible. Europe's position on the global stage is thus weakened. I would like to change all that. France needs a strong Germany and a strong chancellor. But Germany also needs a strong France.
Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.
Germany has become the economic heart of Europe because our leaders are weak. But Germany should never forget that France is Europe's political heart. What is happening here today foreshadows what will happen in the rest of Europe in the coming years: the great return of the nation-state, which they wanted to obliterate.
If we Europeans are not in a state to be able to solve the refugee crisis ourselves, if we only depend on Plan B with Turkey - then that is not simply an impression, it is the truth. But Europe cannot be susceptible to blackmail or be weak. I am, in any case, not in favor of having a deal with Turkey at any price.
Tis better using France than trusting France;
Let us be back'd with God, and with the seas,
Which He hath given for fence impregnable,
And with their helps only defend ourselves;
In them, and in ourselves, our safety lies.
The word crisis- is from the Greek, meaning a moment to decide.- The recurrent moments of crisis and decision when understood, are growth junctures, points of initiation which mark a release from one state of being and a growth into the next.
In each of us there is another whom we do not know. He speaks to us in dreams and tells us how differently he sees us from the way we see ourselves. When, therefore, we find ourselves in a difficult situation to which there is no solution, he can sometimes kindle a light that radically alters our attitude - the very attitude that led us into the difficult situation.
France has a special position: We are Continental Europe's nuclear power and a permanent member of the UN Security Council. This special role, though, only makes sense if France fills it as a member state of the European Union. France cannot play this role alone, it must be seen as a part of Europe. I have always insisted on that.
It is very difficult to enter a single currency zone having fairly weak economic parameters and maintain a favourable state of the economy, not to mention positive growth rates. We have witnessed it not only in Europe, but for example in Argentina (nearly 10 years ago or more), when they tied the national currency to the dollar and later they did not know what to do about it.
We have a lack of growth in Europe, in eurozone, and in France, and we are struggling hard to recover and restore this growth.
We have too large a disparity in the world; we need more inclusiveness… If we continue to have uninclusive growth and we continue with the unemployment situation, particularly youth unemployment, our global society is not sustainable.
France is the bridge between northern Europe and southern Europe. I refuse any division. If Europe has been reunified, it's not for it to then fall into egotism or 'each for one's own'. Our duty is to set common rules around the principles of responsibility and solidarity.
I think at the end of the day, the real sick man of Europe is liable to turn out to be France, not Greece, not Portugal, not Spain, not Italy. The reason is France is very uncompetitive to begin with on a global scale, and the measures that Hollande has been putting in have been very, very negative from the point of view of economic growth.
Having viewed Europe as an extension and projection of itself, France now finds Europe developing a mind and identity of its own which embraces France but is not controlled by France.
The crisis was 2008, in 2015 - almost eight years later and the gap between where we would have been and where we are is huge and not closing. The implied unemployment rate is very high, labour force participation is very low, and the increase in wages in the second quarter was the lowest in 25 years. Before this turmoil, the U.S. economy was in better shape than Europe or Canada, but not strong.
What the U.S. does is it continues to print money when the economic situation gets difficult. This is what happened in the last depression during the summer of 2008 when they tried to resolve the economic crisis by printing valueless money. This is the business privilege given to them at the famous conference of Bretton Woods in 1944 when the United States emerged as the superpower after Europe and the rest of the world, mainly Europe, that had collapsed because of the war.
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