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How France’s left-wing government learned to love austerity

Hollande’s ‘new start for Europe’ turned out rather like the old one

10 May 2014

9:00 AM

10 May 2014

9:00 AM

For years, George Osborne cut a rather lonely figure on the European stage. He was portrayed as the only major statesman who advocated austerity. But finally he has some company. Another European leader has burst away from the pack and is promising to freeze all welfare benefits for a year, cut health spending, cut taxes — and to be honest with the people by saying that ‘we cannot live beyond our means’.

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