Word: socialistic
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After French voters rounded so fiercely on their government in the first stage of the election, Juppe had to promise to resign in hopes of staving off a Socialist takeover of the National Assembly. So perhaps the trans-Europe lesson of the French elections is that austerity measures are too hot to hold on to and that entry into the monetary union will be judged by other standards. In a final bid for votes last week, Juppe said when it comes time next spring to pick the members of the euro club, "the decision will be a political one." Translation...
PARIS: The stunning victory by Lionel Jospin's Socialist Party over President Jacques Chirac's conservative coalition casts doubt over France's ability to meet the strict criteria for inclusion in a new European currency by 1999, reports Paris Bureau chief Thomas Sancton: "The questions are: Can they create new jobs? Can they stimulate consumption through raising purchasing power and at the same time meet the EU goals? Unless the Socialists' plans can be offset by tax increases -- and in France, taxes are the highest in Europe -- they are going to run up huge deficits. If they do that...
PARIS: Chirac's decision to dissolve the National Assembly and call for early elections proved to be an enormous blunder, one which will severely weaken his administration and most likely shift the balance of power towards the new Socialist prime minister, Lionel Jospin. But Paris Bureau Chief Sancton says that the powers vested in the French presidency will allow Chirac to maintain significant influence. "You hear people talking about him as a lame duck, but under the French Republic, the President has certain reserved powers, areas in which he is preeminent. These include foreign policy, security policy and diplomacy...
...Clinton reinvented himself as a New Democrat to capture the White House in 1992, and then as a reborn centrist to win a second term last year, Blair has retooled Labour so that it sometimes seems like nothing but a more caring version of Toryism. Gone are the old socialist slogans. Gone is the pledge to redistribute income and nationalize industries. Blair calls his party "new Labour." His opponent, Conservative Prime Minister John Major, describes it as "really pretty much...
...Soviet empire is so passe. Diplomats gloat over the fall of the evil empire while economists gleefully herald the triumph of The Market. The same liberal intellectuals who had once defended the notion of a socialist society now denounce it as merely another imperialist ideology propagated by dead white guys. It seems like Sovietism has been permanently relegated to being a invaluable subject of academic research and a provider of military medals, fur hats and other stylishly hip cold war memorabilia. Gone are the missiles, air-raid drills, and fallout shelters. And Tom Clancy's early books can be safely...