With the yellow vests on one side and not much love from his countrymen on the other, not to mention very few tools left in his quiver, France's Emmanuel Macron appears to be stuck between the rock and the hard place.
No matter what he does, the yellow vests won't be satisfied, plus he now has completely exhausted his goody bag of presents and has no more euros to throw at the crisis.
While I have a lot of sympathy for the president of France, his twenty five per cent approval rating shows that he was woefully unprepared for the job he got, in spite of the fact that he made all the right moves in order to jump into a totally unforeseeable and lucky set of circumstances to get elected.
At two-fifth of his term, Macron will need to muster for a second time all of his intelligence and savvy that got him the position in order to be super-creative or bold enough take a big gamble, since he said he doesn't care about being re-elected into a second term.
The high-risk option seems obviously the best, by for instance, “nuking” the 35 hour week, the fifth week vacation, cutting into the number of public servants and shrinking some of France's social perks.
This said, time is running out for Emmanuel Macron and he can no longer afford to take measures that fall inot the “too little, to late” category...
Saturday, May 4, 2019
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