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Jakobsen: Why France needs a Thatcher moment

Steen Jakobsen
France is its own worst enemy; that's according to Saxo Bank's Chief Investment Office, Steen Jakobsen. He argues that the country desperately needs a 21st century revolution and its new government lacks a true mandate for reform. His comments come as French PMI data showed its manufacturing activity shrank to its lowest level in nearly a year and a half. 
He argues that true change only comes from a true crisis and France "needs" a deep recession and even a depression. The country is crying out for a "Thatcher moment", he says, a leader such as Margaret Thatcher who would be brave enough to get elected on a mandate for change. 
David Stephant David Stephant
Valls 2 ( new governement) has the potential to implement such reforms ; politically, VALLS has everyting to lose not to reform labor maket in the next 2 years. The new finance minister, MACRON comes from Banque Roschild....Indeed, VALLS is isolated in his own Party (French Socialist Party) has Schroder was in 98-2000. He wants to be the French Blair&Schroderer to be able to run for presidency in 2022 ( next election will be won buy Sarkosy or Marine LePen...)
The next crisis/revolution in France will be constitutional because no Revolution in France can happened without changing the consitution. So lets wait and see when the 6th Republic constitution will be implement and then the new economic deal will follow. The sooner the better for France...
LeTaulier_Lmi LeTaulier_Lmi
If Valls is the "French Blair" so nothing will happen because Blair came after Thatcher did the job.


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