Category: French politics

What a fantastic Florida-like mess in the French Socialist Party. Martine Aubry – Jacques Delors’s daughter – claims to have won the leadership of the party, beating Segolene Royal by 42 votes out of more than 134,000 cast. Royal is demanding a recount and has accused Aubry of issuing an auto-proclamation to claim the leadership – a word redolent of Latin American coups.

Francois Hollande, the party’s outgoing leader, must have rather complicated feelings as he tries to sort all this out – he is, after all, Segolene’s estranged ex-husband. Meanwhile President Sarkozy is gloating openly, announcing grandly that – “Nothing unites the Socialist Party leaders except an astonishingly violent hatred.” It’s a great line. But he has a certain cheek, given that his own erstwhile rival – Dominique de Villepin – is now going to face trial for his alleged role in efforts to blacken Sarko’s name. What is the French for chutzpah?

The wrangles in the Socialist Party promise to be a great spectacle – even if the party’s chances of returning to power anytime soon look pretty slim. It reminds me of that old joke that academic politics is espescially vicious “because the stakes are so low”.

Thank you to Nicolas Sarkozy for providing such a dramatic and timely re-enforcement of my Tuesday column (see below). No sooner had I subtly insinuated that he was going crazy, then he took to the stage at the European Parliament and gave a speech calling for the creation of a European sovereign wealth fund. Its mission – it seems – would be to buy up strategic chunks of European industry.

The global financial crisis seems to have liberated Sarkozy to give public voice to the kind of stuff that French politicians normally save for late-night drinking sessions - capitalism needs taming, the Americans are crazy, we can’t have the Asians buying up our businesses, why can’t the state subsidise more big industrial projects…etc, etc. It’s all coming out.

So let me point to a few obvious objections to this sovereign wealth fund proposal. First, these kinds of funds are generally set up by petro-states that are rolling in cash – Abu Dhabi, Russia, Norway etc. I haven’t noticed that the public coffers of the European Union are overflowing with funds that we simply don’t know what to do with.

Second, one of the things about SWFs is that most of them, have generally made sensible investments, for non-political purposes. Sarkozy seems to have something entirely different in mind: a fund that would be used to fend off unwelcome foreign investors, like that outrageous suggestion that Pepsico might buy Danone. Again, this seems a slightly dated concern. Give it a few months and we’ll be screaming for foreign investment.

Finally, small European states will rightly fear that any investments by an EU fund will be directed towards those nations with the most political muscle. And that is a recipe for a breakdown in the European single market – which is absolutely the last thing we need, in response to a recession.

“Europe wants the summit before the end of the year. Europe wants it. Europe demands it. Europe will get it.” So said Nicolas Sarkozy – president of France, and (until January) of the European Union – before jetting off to Washington over the weekend. There he persuaded President George W. Bush to agree to an international summit dedicated, says Mr Sarkozy, to nothing less than “re-founding the capitalist system”.

This trip to Washington was like a French fantasy come true: a successful attempt to push the US president into discussing global governance and the taming of capitalism. Now that visions of collapsing banks and soup kitchens are receding, the Europeans are enjoying the global financial crisis.

Mr Sarkozy’s energetic confidence has been bolstered by the conventional wisdom that Europe has had a good crisis. After a period of disorder, EU leaders pulled things together and came up with a plan that rescued the banks and restored a modicum of confidence.

Continue reading “Super-Sarko’s plans for the world“. Please post comments below.

The constitutional reforms pushed through by President Sarkozy yesterday are impressive for two reasons.

First, he got it done.

Second, despite the fact that he is regularly portrayed as a megalomaniac, Sarko is deliberately pushing through reforms that actually weaken the power of the presidency.

Of course, there is some dispute about this. The Socialist deputies highlighted the fact that the president will now be able to address parliament to suggest that some sort of cult of personality is being built up. But I thought this interview in Le Monde with Guy Carcassone, a law professor was pretty convincing. The prof argues that the main effects of the refroms are to strengthen parliament and that this is not “a constitutionalisation of Sarkozyism.” He also highlights another improvement. In future, proposals for new laws will have to be accompanied by an impact assessment.


The appointment of Bernard Kouchner as French foreign minister was both brilliant and bizarre. It was brilliant because in bringing Kouchner on board, President Sarkozy managed to co-opt one of the stars of the Socialist Party and one of the most popular men in France. Kouchner is revered because he founded Medecins Sans Frontieres. And also – perhaps – because he is articulate, good-looking and married to a TV star.

But choosing Kouchner was also a bit bizarre because he was one of the few high-profile French public figures to have supported the invasion of Iraq – albeit slightly equivocally and on humanitarian grounds. Given that France led the opposition to the Iraq war and – as Sarkozy himself has pointed out – was vindicated by subsequent events, appointing somebody who made the wrong call seemed odd.

But the experience of Iraq does not seem to have chastened Kouchner. This week he has made the headlines, by saying of Iran – "We have to prepare for the worst and the worst is war." This goes beyond even what George W. Bush has said. His preferred formula is that – “All options are on the table”.

Tony Blair thinks that the British media are too frenzied and aggressive (see yesterday’s post). But are the French media too passive and respectful of authority?

The question is raised by the current controversy over whether Nicolas Sarkozy was drunk at a press conference at the G8 summit. The suggestion was first made by a Belgian television newscaster and the accompanying video is certainly amusing and suggestive. But no French television station broadcast the footage. And the main French papers also ignored the story, until the Belgian TV newsreader was forced to apologise – a fact which was then dutifully reported in France.

The British love to think of the French as irredeemably corrupt. But take a look at recent corruption scandals in Britain and France, and it is hard to avoid the impression that it is the French who are taking a tougher line on sleaze than the supposedly upright Anglo-Saxons.

Last month, both the British and French prime ministers were interviewed by the police within a week of each other. But the handling of Tony Blair was noticeably softer than the treatment meted out to Dominique de Villepin. Mr Blair had a gentlemanly chat about the “cash-for-honours” scandal – which involves allegations that the Labour Party essentially sold peerages in return for loans to the party. His interview took place in Downing Street in the middle of the day, and took less than two hours. By contrast Mr de Villepin was subjected to a 13-hour interrogation, ending at three in the morning. He was apparently being questioned about suggestions that he may have attempted to smear fellow ministers in the “Clearstream affair”. (Warning to readers: Do not attempt to understand the Clearstream affair, that way madness lies).

In a recent magazine interview in which she floated the possibility that her husband might run for a third term as French president next year, Bernadette Chirac said enticingly – “Have you seen what good shape he’s in. My husband’s not senile.”

Yet even this modest claim must be thrown into doubt by Mr Chirac’s efforts to celebrate his 74th birthday, by holding an intimate dinner with Vladimir Putin on the margins of a Nato summit in Latvia.

Where does one start? To invite any Russian president to dinner in one of the Baltic states is tactless. To invite this particular president at this particular moment is crass. To do so at a Nato summit, while pointedly not inviting the American president and the British prime minister, is extraordinary.

While the Americans and the British are clearly increasingly concerned about the direction of Putin’s Russia, Mr Chirac’s admiration for the Russian president only seems to grow. In September he awarded Mr Putin the Grand Cross of the Legion d’Honneur, the highest honour that France can bestow on a foreigner. Previous recipients have included Churchill and Queen Elizabeth II.

The World

with Gideon Rachman

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Gideon Rachman and his FT colleagues debate international affairs.

Gideon became chief foreign affairs columnist for the Financial Times in July 2006. He joined the FT after a 15-year career at The Economist, which included spells as a foreign correspondent in Brussels, Washington and Bangkok. He also edited The Economist’s business and Asia sections.

His particular interests include American foreign policy, the European Union and globalisation
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