Analysis: Hollande's softly-softly plan needs tough execution




 
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Analysis: Hollande's softly-softly plan needs tough execution
 
November 20th, 2012  
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Topic: Analysis: Hollande's softly-softly plan needs tough execution


Analysis: Hollande's softly-softly plan needs tough execution
PARIS (Reuters) - After six months keeping the world guessing about whether he had a vision for fixing France's sickly economy, President Francois Hollande has unveiled a battle plan "à la française" to ease companies' labor costs and trim public spending. But the softly-softly pace of adjustment may be too slow to satisfy financial markets after Moody's on Monday became the second credit ratings agency to strip Paris of its AAA rating, citing both a loss of competitiveness and low growth. ...




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