From The Economist:
• An inconvenient truth
• A country in denial
• The Presidential candidates
…what is most striking about the French election is how little anybody is saying about the country’s dire economic straits. The candidates dish out at least as many promises to spend more as to spend less. Nobody has a serious agenda for reducing France’s eye-watering taxes. Mr Sarkozy, who in 2007 promised reform with talk of a rupture, now offers voters protectionism, attacks on French tax exiles, threats to quit Europe’s passport-free Schengen zone and (at least before Toulouse) talk of the evils of immigration and halal meat. Mr Hollande promises to expand the state, creating 60,000 teaching posts, partially roll back Mr Sarkozy’s rise in the pension age from 60 to 62, and squeeze the rich (whom he once cheerfully said he did not like), with a 75% top income-tax rate.
… Part of the problem is that French voters are notorious for their belief in the state’s benevolence and the market’s heartless cruelty. Almost uniquely among developed countries, French voters tend to see globalisation as a blind threat rather than a source of prosperity.
…there is a more worrying possibility than insincerity. The candidates may actually mean what they say. And with Mr Hollande, who after all is still the most likely victor, that could have dramatic consequences.