François Hollande

♦ The FT argues today that Apple’s decision to borrow money in order to fund a dividend, despite being one of America’s most liquid companies, indicates a need for reform to the US tax system.
♦ Despite impressive economic growth, improvements in living standards in Malaysia have lagged behind those of its neighbours, building pressure for change ahead of Sunday’s election.
♦ North African governments are trying to stem the flow of young Islamic militants, heading to Syria to fight the regime.
♦ President François Hollande is struggling to please everyone and, in fact, anyone – leading to concerns that France might become the next European problem child. After a draft paper by the president’s party described Angela Merkel as “selfish”, Mr Hollande has had to reassure her that he still believes in a Franco-German relationship.
♦ William Finnegan discusses his article on Mark Lyttle, a US citizen from North Carolina who was deported to Mexico despite ample evidence that he was an American, and the soaring number of deportations.
♦ Dzhokhar Tsarnaev has told the FBI that he and his brother considered suicide attacks on July 4, but instead decided to strike on Patriots’ day.
♦ Politics and vetting processes mean that Barack Obama has yet to fill some long-empty posts in his cabinet.
♦ Evangelical Christians in California have struck up a debate over whether yoga is a religion or not – where is the line between the body and the soul?
♦ SAYA, a Jerusalem-based design studio, is trying to provide a architectural resolutions to territorial disputes: “you can’t stop terror with just a fence. We need to imagine structures that can build hope instead of fear and resentment.”
♦ When Alex Christodoulou tried to quit his job for life in the Greek public sector, he found the process harder (and more labyrinthine) than he ever thought it could be, especially when the government had committed to taking thousands of workers off the public payroll. “They wanted to rehire him so that they could fire him and include him in the number of public servants being laid off to appease Greece’s international creditors”.
♦ In a review of The Impossible State: North Korea, Past and Future, Richard Lloyd Parry argues against the idea that North Korea is a “zombie nation”, but wonders if the idea that the country is in a state of “political undeath” doesn’t perhaps suit some other states.
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Gideon Rachman

(Kenzo Tribouillard/AFP/Getty)

(Kenzo Tribouillard/AFP/Getty)

About ten years ago I visited Chateau Margaux in Bordeaux. Paul Pontallier, the chief winemaker there, told me that prices for the most sought-after red Bordeauxs had already reached such stratospheric levels that it had become almost embarrassing. “My friends can’t afford to buy Margaux,” he lamented. Since then, it’s got even worse. Now it seems that even the president of France cannot afford to drink the top clarets. The Elysée has just announced that it will sell off about 10% of the presidential wine collection – and restock the cellars with cheaper wines.

It is an understandable decision. I don’t know if there will be any Margaux sold at auction, but I see that a bottle of Margaux 2000 now goes for about £700 (€825). The auction will also apparently include some Petrus 1990, which the FT this morning reckoned would go for €2,200 a bottle. (Actually my research suggests that would be a bargain and that the market price is now closer to €3,000).

But it is important that the restocking exercise should be carried out carefully. That is because a stellar cellar can be a genuine diplomatic asset. There are diplomats who attribute Britain’s success, in persuading France to make the fatal decision to reverse its opposition to British membership of the European Economic Community (now the EU), back in the 1970s, to the magnificence of the wines that Sir Christopher Soames – the then British ambassador to Paris – poured down the throats of key French decision-makers. Read more

James Blitz

(CARL COURT/AFP/Getty Images)

(CARL COURT/AFP/Getty Images)

President François Hollande this week published France’s long awaited strategic defence review, setting out what the French armed forces should be aiming to do in the years ahead. The publication of the document – called the “livre blanc” or “white book” – was an important moment for those following European defence.

In recent years, the US has become increasingly concerned that European states are cutting back on defence spending, leaving the US to do more and more of the heavy lifting in Nato. In 2010, Britain, the biggest defence spender in Europe, slashed expenditure by eight per cent in real terms. The big question was whether France was about to do the same.

The good news for France’s allies is that it isn’t taking what might be called the “Cameron approach.” According to Camille Grand, director of the Paris-based Foundation for Strategic Research, France did debate whether to slash defence spending by 10 per cent. “But the French finance ministry lost that argument, much to relief of the service chiefs,” he says. Read more

By Gideon Rachman

Is France on the brink of revolution? Is President François Hollande in danger of being dragged to the guillotine? These sound like silly questions. In fact, they are silly questions. Yet talk of a new revolution is surprisingly common in France these days. This week’s edition of Le Point, a leading news weekly, asks on its cover, “Are we in 1789?”, and illustrates the question with a picture of Mr Hollande, dressed up as Louis XVI, the hapless monarch executed by the revolutionaries. Even academics are making the comparison. Dominique Moïsi, a visiting professor at the University of London, has argued that the president “looks ever more like a modern Louis XVI” and that France is in the grip of a “regime crisis”. Read more

Esther Bintliff

Liberty Leading the People, Eugène Delacroix [Public domain], via Wikimedia Commons

There’s nowhere left to hide! The champagne socialists have been outed, their secret extravagance and hypocritical lives of luxury exposed once and for all!

At least, that’s what critics of François Hollande’s government must have been hoping.

What actually emerged from the enforced declaration of assets by French cabinet ministers on Monday was somewhat less exciting.

Ok, so there are a few millionaires – foreign minister Laurent Fabius is officially the cabinet’s richest member, with assets of around €6m; minister for the elderly Michèle Delaunay has about €5.4m, including two houses and €15,000 in jewellery.

And yes, Arnaud Montebourg, that famous leftwing fireband, owns an Eames chair that he bought for €4,300. But who said socialists weren’t allowed to covet icons of modern design?

You can peruse the documents yourself, minister by minister, on a special website courtesy of the French government. We found the section marked: “Véhicules terrestres à moteur, bateaux, avions, etc.” of particular interest. From it, we have learned the following.

Clio Expression Eco - 94g/km CO2 (image courtesy Renault)

This is the most popular car in the French cabinet

1) This is not a cabinet of petrolheads or luxury car enthusiasts. With a few exceptions, these ministers like cars that are French-made, sensible, easy to park, and inexpensive. Thus, the most popular car in the French cabinet is the Renault Clio, a vehicle described by WhatCar magazine as a chic supermini [that] offers low running costs”.

2) Most, though not all, are patriotic in their car-buying. We counted 4 Citroens, 9 Peugeots, and no fewer than 19 Renaults. Of the Renaults, after the Clio, the Twingo and the Megane were particularly favoured. Only a few ministers broke from French brand names – including minister of defence, Jean Yves Le Drian, whose cars include a Suzuki Wagon R from July 2004 and a Lancia Ypsilon from 2012. Read more

♦ “There is no such thing as good timing for a government when political scandal erupts,” says Hugh Carnegy, “but the tax fraud affair that has brought low François Hollande has hit the French president at a moment of severe economic difficulty.” Dominique Moïsi thinks Hollande must heed the lessons of Louis XVI: “in the wake of the Cahuzac scandal, France’s president looks ever more like a modern Louis XVI – the king guillotined by revolutionaries.”

♦ The FT looks at how Taiwan needs sweeping reform to preserve its status as one of Asia’s great successes.

♦ A recording of a private meeting between Mitch McConnell, the Republican leader in the US Senate, and his campaign aides shows how they considered using Ashley Judd’s mental health and religion against her as political ammunition. Mother Jones, who published it, is also looking at the ethical questions it raises about McConnell’s staff.

♦ Sri Srinivasan, the Obama administration’s principal deputy solicitor general, is a candidate for the United States Court of Appeals for the District of Columbia circuit. According to Jeffrey Toobin, “if Srinivasan passes this test and wins confirmation, he’ll be on the Supreme Court before President Obama’s term ends.”

Jon Lee Anderson at the New Yorker looks back at the relationship between Margaret Thatcher and Augusto Pinochet. On the basis of that he argues that, “In a country where, for decades, history was buried, it is fitting for Chileans to dig up [Pablo] Neruda to find out the truth of what happened to him.” Comedian Russell Brand recalls a chance encounter with Margaret Thatcher and the less coincidental legacy she left: “She is an icon of individualism, not of feminism.”

♦ The BBC has been looking at the changing state of modern journalism. Frank Rich, writing for New York magazine, thinks when it comes to journalism, “the last thing the news business needs is a case of nostalgia.”  Read more

A camel (Abid Katib/Getty)

Some good news at last for François Hollande, mired in a furious scandal over a former minister’s secret Swiss bank account: a new camel is on the way from Mali.

In a dispatch worthy of Evelyn Waugh’s Scoop, Reuters reported from Bamako on Tuesday that Malian authorities planned to send a replacement to Paris for the camel presented to Mr Hollande in grateful thanks for France’s military intervention in Mali when he visited the country in February.

The first animal, defence minister Yves Le Drian reported earlier in the week, was killed and eaten by the family Mr Hollande had left it with in Timbuktu.

The president, who before winning the Elysée Palace liked to buzz around Paris on his three-wheeled scooter, joked at the time that the camel would come in handy for getting about the congested capital. But the complicated logistics of shipping the beast back to France apparently led to the decision to entrust it instead to a local family – who promptly made it into stew.

Reuters reported that an official in northern Mali said:

“As soon as we heard of this, we quickly replaced it with a bigger and better-looking camel.

“The new camel will be sent to Paris. We are ashamed of what happened to the camel. It was a present and it did not deserve this fate.”

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Gideon Rachman

French President Francois Hollande after a press conference with Greece's Prime Minister Antonis Samaras on February 19 (AP Photo/Thanassis Stavrakis, Pool)

(AP Photo/Thanassis Stavrakis, Pool)

Listening to François Hollande’s comments on his flying visit to Greece earlier this week was like hearing a reprise of his electoral campaign, in which he promised to lead a European-wide fight against austerity.

In Athens, Hollande praised the Greek government and said that, for Greece – “The next phase is one of growth and creating jobs, not more sacrifices.” Sadly, although there are signs that private-sector investment in Greece is picking up, there is also certainly more austerity and more job cuts to come, in the public sector.

President Hollande was only in Athens briefly, and so is hardly likely to be held to account for his remarks in Greece. What is more problematic is that the latest figures suggest that he will be unable to hold off the drive for more austerity back home in France. Economic growth is down and the French economy may even shrink in 2013 – compared to the Hollande administration’s initial projection of growth of 0.8%. Partly as a result, France is going to miss its target of getting the country’s deficit below the EU-mandated 3%. Read more

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