François Hollande’s fiscal puzzle

The new Socialist government in France tackles its budget deficit - but with more taxes than spending cuts.

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JULY is a month when most French governments wind down ahead of the summer break. Not this year. Freshly elected deputies have begun an extraordinary parliamentary session that will last until the end of the month, to enable François Hollande’s new Socialist government to pass urgent measures. This week, Jean-Marc Ayrault, his unassuming prime minister, gave a taste of what the French can expect, reports The Economist.