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Article: Deciphering Sarkonomics; At times Sarkozy pushes the free market, at others he wields the power of the state, but always with practical ends in view.
- Article from:
- Newsweek International
- Article date:
- June 25, 2007
- Author:
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Byline: Tracy McNicoll
New french president Nicolas Sarkozy has been labeled a free-market fan, a shameless interventionist and a spendthrift opportunist. So which of the labels fit? All of them. Sarkozy's economics are nothing if not eclectic. But in spite of that, or perhaps because of it, the new president has a better chance of galvanizing growth than any leader in decades. With a 65 percent approval rating, Sarkozy neared war hero Gen. Charles de Gaulle's record Inaugural score. Consumer confidence leapt to a five-year high in May. And Sunday's impressive win in lower-house elections gives him plenty of lawmakers to back his program of economic reform.
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