A lot was said of the promise of France's president when he came to office in 2017, but what medium to long term impact will he have on French policymaking and the makeup of the French economy and society?
Paul: My understanding is that he wants to reform the Eurozone with a common budget. He also wants to increase France's exports, especially to Germany. He is pro-business and supports tax breaks to encourage corporate growth. Finally, he favors a wealth tax on the rich.
modernisation of the economy and institutions means to break the power of French unions who make a blockade of the economic reforms in favor more economic efficiency and export power. Note that unions and social movements are so strong that he will hardly succeed.