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The Sarkozy Effect
French street
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A New Man in Power

Sarkozy's supporters have no such worries. They boast that the French electorate has finally voted "yes" instead of "no".

Yes to their man's sweeping Thatcherite changes, and no to continued economic stagnation. The French, they crow, are sick of the status quo. They want a sea change.

So, still arranging his suits at the Palais de l'Elysée, Nicolas Sarkozy is busy talking up his plans for "rupture" - basically a clean broom to sweep out the old Chirac fine wines and dust, and to usher in the new Sarko quasi-Thatcherite market liberalisation and economic reform.



He doesn't have much time before the parliamentary elections in June, when his hand is expected to be fortified by a large majority for his party - the UMP (Union pour un Mouvement Populaire). But in order not to lose momentum, he needs to get his new team sorted and pass some new laws prontissimo. First up will probably be removing the heavy tax and social security contributions currently payable on hours worked overtime.
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It is hoped that this will effectively deal a deathblow to the 35-hour week. It will certainly chuck the gauntlet down fair and square in front of the unions.

By mid June, the elections safely under his belt, Sarkozy should be holding a bunch of political aces and, shored up by a undeniably strong popular mandate for change, his stated plans include preventing the transport unions from paralysing the country "in solidarity" every time some other union strikes. Naturally this isn't going to be popular with the French left wing, but Sarkozy must be hoping that they will still be in disarray from their third successive beating at the presidential polls to put up much resistance.


Find out more about how the Sarkozy regime will affect the French market >>

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