François Hollande bowed to reality on Thursday, when the Socialist Party leader announced he would not seek a second term as president of France.
No leader in the history of the Fifth Republic has been less popular than Hollande, whose approval rating hit a 4-percent low in one survey last month.
Hollande squandered what little goodwill he had left when Un président ne devrait pas dire ça… (“A President Should Not Say That…”) appeared last month: a tell-all book in which the outgoing president is quoted disparaging other Socialist Party bigwigs, including his prime minister, Manuel Valls, and foreign minister, Jean-Marc Ayrault.
Both were reportedly outraged by the publication, which dumbfounded the entire French political class. It will only help cement Hollande’s legacy as an inapt and feckless president, who failed to balance competing interest in the ruling Socialist Party and was unable to revitalize the French economy.
Unemployment, at 10 percent, is at the same level as when Hollande took office in 2012. Growth has been lackluster ever since. (more…)
