Hollande's 'baffling' cold shower approach to European growth

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French President François Hollande, whose election campaign was hallmarked by his proposals for tackling the economic crisis by countering austerity measures with growth-led initiatives, has made his support of the European Union’s ‘Compact for Growth and Jobs’ one of the pillars of his policies in Europe. But now the French socialist government is coming under attack for what is perceived by some EU officials as a "contradictory" and "baffling" approach to the European economy. For while outwardly promoting growth, France is joining Germany in limiting an increase in payments to the EU’s 2013 budget to less than half that proposed by the European Commission itself, and which will reduce aid otherwise available to a number of struggling economic sectors. Mediapart's Brussels correspondent Ludovic Lamant reports. 

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French President François Hollande, whose election campaign was hallmarked by his proposals for tackling the economic crisis by countering austerity measures with growth-led initiatives, has made his support of the European Union’s ‘Compact for Growth and Jobs’ one of the pillars of his policies in Europe.