Sarkozy, Carpe Diem!
Nicolas Sarkozy now has the parliamentary majority he needs to implement his ambitious reform program. But that program remains vague when it comes to addressing what is perhaps the most critically important structural barrier paralyzing initiative and impeding employment growth: the stifling web of regulations that have become entrenched in France's labor code over the past generation.
Nicolas Sarkozy’s presidential election triumph in May, and now the victory of his party, the UMP, in the parliamentary election, has created the most favorable opportunity in decades for deep structural reform in France. Not only did Sarkozy win the presidency with 53% of the vote, but his approval rating has since soared, to 62%, after he formed an inclusive government with high-ranking recruits from the opposition.
Nicolas Sarkozy’s presidential election triumph in May, and now the victory of his party, the UMP, in the parliamentary election, has created the most favorable opportunity in decades for deep structural reform in France. Not only did Sarkozy win the presidency with 53% of the vote, but his approval rating has since soared, to 62%, after he formed an inclusive government with high-ranking recruits from the opposition.