Francois Hollande Admits Socialist Policies Failed, Declares “Economic State Of Emergency”

Monday, January 18, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/18/2016

Remember when showing ‘progress’ in Europe was as simple as pointing to your high stock market or low bond yields to “prove” everything is awesome. Well for Francois Hollande, the days of hiding behing manipulated data are over and the open kimono reveals a nation whose stability is wracked by record unemployment. In a desperate-for-re-election speech today, socialist leader Hollande admitted his policies needed reform and that France is an economic “state of emergency.”

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