After the Socialist leader’s triumph in the French Presidential election on Sunday, British newspapers called into question French people’s choice saying resolving France’s financial problems without recourse to the austerity measures the British government itself is taking would not be possible.
The British press also accused France’s President-elect Francios Hollande of creating a “cruel illusion” saying there can be no pain-free economic growth for France and the eurozone.
The Telegraph condemned French voters for seeking “some magical, pain-free way out of” the financial crisis and said that Hollande’s idea that “austerity can no longer be the only option” is just “a cruel illusion”.
The Times also lashed out at Hollande’s campaign pledge to expand economic growth while balancing France’s budget by 2017 saying that would be “a bold experiment to abolish the laws of arithmetic”.
“France can regain competitiveness only by cutting costs”, said The Times. “This is a message that Mr Hollande will be unable to escape”.
The newspaper also described Hollande’s plan to deliver domestic growth through bigger government as illusion and said his victory over Nicolas Sarkozy was only the easy part.
Furthermore, The Financial Times said Hollande “will have little choice but to make painful cuts” insisting that he has to rein in public spending.
ISH/JR/HE
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