Beyond the slew of amusing ‘No man’s hand’ photos of the beleaguered François Hollande trying and failing to find support from other European leaders, there are a number of implications for the British political scene of the beleaguered French leader’s latest crisis, in which he has been forced to admit that taxes have been too heavy while watching his country’s manufacturing sector fall behind that of Greece and borrowing costs rise.
The first is that David Cameron has a perfect case study of what happens when you stick your fingers in your ears and repeatedly say there is an alternative. He’s already deployed that case study this year in his op-ed for the Times earlier this week:
‘If you doubt how disastrous a return to Labour-style economics would be, just look at countries that are currently following that approach. They face increasing unemployment, industrial stagnation and enterprise in free fall. The opposite of what’s happening here.
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