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Monday, 30 April 2012 - In French election sobriety is new sign of times |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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See the best of Reuters photography.  See more | Photo caption  Airborne in Afghanistan Photographer Baz Ratner is embedded with the 82nd Airborne Division.  Slideshow  A day with the LAPD A day with the LAPD where the riots began 20 years ago.  Slideshow  In French election sobriety is new sign of times Tweet Share this Email Print Related News Sarkozy on defensive in bitter final election battle Sun, Apr 29 2012 Unease grows in Sarkozy party over rightward lurch Sun, Apr 29 2012 France's Hollande nods to right on immigration, veils Fri, Apr 27 2012 Sarkozy swings further right, Hollande holds lead Thu, Apr 26 2012 France's Sarkozy rules out deal with far right Wed, Apr 25 2012 Analysis & Opinion Counterparties: Obama’s hypothetical middle-class tax hike Draghi’s growth babble is no retreat on austerity Related Topics World » Italy » France Election » Francois Hollande, Socialist Party candidate for the 2012 French presidential election, delivers his speech during an election campaign rally in Limoges, April 27, 2012. Credit: Reuters/Regis Duvignau By Geert De Clercq PARIS | Mon Apr 30, 2012 2:13am EDT PARIS (Reuters) - When Nicolas Sarkozy won the French presidency in 2007, the roaring Noughties were still in full swing and his message of "work more to earn more" was in sync with the times. Five years later, sobriety, solidarity and a desire for fairness define the zeitgeist and Sarkozy's Socialist challenger Francois Hollande seems more in tune with the spirit of the age. Winning an election requires a potent mix of charisma and a project that captures the public mood. Sarkozy's 2007 Socialist opponent Segolene Royal had plenty of personality but, with the economy growing and the stock market booming, her message of social justice did not fly. This time, the mood is very different. With both contenders vowing to balance state books, voters know the coming years will be austere and they are looking for a leader who makes everyone share the sacrifice while safeguarding the welfare state. Style matters too. The French are fed up with a "bling-bling" president seen as a friend of the rich. Hollande's modest manner is reassuring and his vow to make justice his guiding principle speak to the anxieties of this decade, the Teenies. If he wins the May 6 runoff - as all polls predict - his style and message will be studied well beyond France's borders. "In 2007 Sarkozy embodied dynamism and optimism, but now the French are fearful. They want more regulation and a president who protects them," said Alain Duhamel, the dean of French political commentators. For Christian Salmon, a writer on French politics, the neo- liberal revolution that began in the early 1980s with Ronald Reagan and Margaret Thatcher hit the buffers with the global financial crisis of 2008, but no new ideology has yet emerged. "While we wait for the emergence of a new political paradigm, the new leaders in Europe today all have more of an ethos than an ideology: the ethos of the bespectacled accountant who will restore order in the country," he said. Salmon said the crisis has made the traditional divide between conservatives and social democrats less relevant than a new split between exuberant but distrusted showmen like Silvio Berlusconi and Sarkozy and duller but steadier personalities like Italy's Mario Monti, Spain's Mariano Rajoy and Hollande. "It is a time for modesty and ethics that started in 2008 with Barack Obama," Salmon said. Outside the political sphere, some were early to sense the changed spirit of the age. In January 2009, less than a year into the crisis, German-born Chanel designer Karl Lagerfeld heralded a "New Modesty", saying that bling was over and that the crisis would bring a big moral spring cleaning. DOUBLE CHIN Hollande's plan to raise taxes on banks, big companies and the rich appeals to a deep desire for fairness after a decade in which inequality rose to 30-year highs. So does his promise to be a "normal" president, answerable to the courts like any other citizen. Hollande has said his government's first decision would be to cut presidential and ministerial pay by 30 percent and he pledges to travel in France by train instead of presidential jet when possible. Even his weight loss fits the modesty message, said Salmon. "You can't preach austerity with a double chin," he said. The spirit of an era is hard to fathom, but polling agency CSA has tried to measure the difference between society as perceived and society as desired. CSA presented 1,000 voters with 19 keywords picked from the 2007 and 2012 campaign slogans and asked which best represented the state of French society and which best described their personal state of mind. The two most-used words to describe society were "profit" (53 percent) and "capitalist" (43 percent), while the two that respondents most used to describe themselves were "change" (28 percent) and "solidarity" (25 percent). Only 4 percent picked "justice" as a good description of the state of France, while 22 percent said it was a personal aspiration. "There is a very strong egalitarian critique of the economy in France at the moment," said Jerome Sainte-Marie, head of political studies at CSA. He said French people know there will have to be belt-tightening to repair public finances and they want the pain to be shared fairly. "They do not trust Sarkozy for that because he is seen as the president of the rich," he said. In 2007, the last year of the debt-fueled prosperity of the Noughties, Sarkozy appealed to voters with the idea that everybody would be able to get rich. Disappointed voters now want a fair captain to steer them through the storms ahead. "By constantly hammering on the theme of social justice, Hollande is clearly in sync with the times," Sainte-Marie said. HATRED OF THE RICH In his keynote January 22 speech, the Socialist declared that the world of finance was his main opponent and put the issue of fairness at the centre of his campaign. "The French people must know that as president I will ask only one question: before every extra effort, before every reform, every decision, every law, every decree, I will ask myself one single question: 'Is it fair?'" he said. The dominant theme of the 2012 election jumps off the April 19 "Hatred of the Rich" cover of weekly Le Point, which superimposed the faces of French opposition politicians onto Jean-Victor Schnetz's celebrated "Fighting at the Hotel de Ville", a painting of a street battle during the July 1830 revolution that toppled the restored Bourbon monarchy. Centre stage was Communist-backed hard-left leader Jean-Luc Melenchon, who drew massive crowds to rallies and at one stage rose to third place behind Hollande and Sarkozy before falling back to score 11.1 percent in the first round. "People want more justice, but not a complete social break, or they would have voted communist," CSA's Sainte-Marie said. A NEGATIVE OBAMA Despite his egalitarian and regulatory program, the consensus-seeking Hollande is an unlikely agent of change. Unlike Sarkozy, whose Hungarian origin and lack of elite education made him an outsider in the 2007 race, Hollande is a dyed-in-the-wool Socialist apparatchik, who graduated from the exclusive ENA school that trains France's elites and ran the party for 11 years. Even within his own ranks, some describe him as bland and soft as pudding. Christophe Prochasson, a historian of the French left, sees Hollande as a man devoid of ideology. "A doctrine is important in politics. It gives meaning to your action," he said. Yet Hollande's middle-of-the-road image might be his strength. "In a way, Hollande is a negative Obama. Obama was the surface upon which everybody could project their dreams, because of his personal charisma. Hollande creates the same effect: he is so nondescript that you can also project all your dreams on him," said philosopher Michel Feher. Hollande's impact on France and Europe - and maybe even on the zeitgeist - will depend on how he translates his call for justice into policy, if he wins. Economist Thomas Piketty, who inspired Hollande's plan to tax income over 1 million euros at 75 percent, believes Hollande could become a French Franklin Roosevelt, like the U.S. president who in the 1930s reduced inequality with higher taxes and created jobs with public investment. When he launched his candidacy a year ago, Hollande looked lonely with his call for higher taxes and more regulation. But by the time the campaign got into full swing this spring, all 10 first-round candidates, including Sarkozy and far-rightist Marine Le Pen, were proposing tax increases and more regulation. And while Hollande was a voice in the wilderness calling for a response to the euro zone crisis more focused on promoting growth than on austerity, he is now rapidly winning converts, even in the government of conservative German Chancellor Angela Merkel. Yet most major European countries are led by conservative governments, recent elections in Britain, Portugal and Spain have seen a swing to the right, and financial markets are bound to punish any French attempt to leave the path of budget rigor. "Hollande believes there has been a turning of the tide, not only in France but in the eurozone, that he is more in tune with the zeitgeist, and that with a bit of luck Merkel will lose the next election and the left will once again be in power in Europe," said Nicholas Spiro of London-based Spiro Sovereign Strategy. "But that is a big gamble." (Reporting by Geert De Clercq; Editing by Paul Taylor and Philippa Fletcher) World Italy France Election Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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