Francois Hollande Quotes
We find ourselves in a difficult situation in Europe. There's a crisis, weak growth, unemployment... my duty is to ensure that by the end of my mandate France is in a better state than it was at the beginning.
Hollande, François. Television Interview by Claire Chazal. TF1, 9 Sept. 2012.
This was written in the 3rd year of the Great Depression which was worldwide. The political and economic leadership in the world had been very passive with the exception of FDR in the United States whose pump priming and relief methods were just beginning to take effect.
The speech was actually drafted by Peter Jay, his son-in-law and a journalist. The leader of the left-wing Labour party, to the surprise and anger of many of the party stalwarts, was repudiating Keynesianism which had been basic to the party for years. This appears to be the first specific statement that a government cannot spend its way out of a recession. Conservatives have used it ever since in countries throughout the world. The truth of the Keynes proscription is in constant modern economic and political debate with no resolution likely soon.
François Gérard Georges Nicolas Hollande is a French politician who served as President of France and ex officio Co-Prince of Andorra from 2012 to 2017. He previously was First Secretary of the Socialist Party from 1997 to 2008, Mayor of Tulle from 2001 to 2008 and President of the General Council of Corrèze from 2008 to 2012. Hollande also served in the National Assembly twice for the first constituency of Corrèze from 1988 to 1993 and again from 1997 until 2012.