Latest update: 04/07/2012 

- debt - France - François Hollande - government - Socialist Party (France) - taxes - UMP


So much for French Socialism? France faces budget squeeze

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France's new leaders may have trouble saying the word "austerity", but no sooner are they in office than they face a larger-than-expected deficit and smaller-than-expected growth. Socialism "à la française" finds itself put to the test of Europe’s sovereign debt crisis.

DEBATE
  • Richard YUNG, Senator, French Socialist Party;
  • Jonas HADDAD, National Delegate for Youth, UMP party;
  • Mark DEEN, Jounalist, Bloomberg News.

    Watch the second part

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