Update: French Socialist "Hollande popularity plumbs new low in mid-term poll"

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    May 27, 2012 5:26 AM GMT
    Of course some who think that the rich aren't taxed enough, attempt to argue that this couldn't happen in the US or that the wealthiest don't really have any other options.

    "Voting With Their Wallets: With the election of the Socialist Hollande as president, wealthy in France leaving"


    To Mr. Pous-Bertran de Balanda and other wealthy French people, the news feels like a rerun of 1981, when President François Mitterrand decided to nationalize several big companies and raised taxes (though both moves were later reversed). And after the tax policy flip-flops by President Nicolas Sarkozy over the past five years — he gave the wealthy tax breaks only to raise taxes two years later — many in France see their own market is too volatile, and are searching for a safe haven.

    The flagging euro and the economic struggles in Greece, Italy and Spain have only further shaken their confidence in investing at home. Last month, a Parisian couple in their 50s decided to buy a $4 million waterfront house in Miami after first considering Cannes, said Christophe Bourreau, a French broker with Barnes International who is now based in New York.

    “They feel like the new president is hunting the wealthy,” Mr. Bourreau said, “and that the sooner their money is out of France the better.” The window may close soon: Mr. Hollande has said he will look to put his tax plans in place this summer, after parliamentary elections next month.
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    May 27, 2012 5:39 AM GMT
    People should understand that Hollande and Obama advocate the same fundamental policies and share the same ideology.

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    Nov 07, 2014 4:54 AM GMT
    Hollande popularity plumbs new low in mid-term French poll


    In the worst score for a president in modern-day polling, Hollande received a 12 percent approval rating in the monthly survey by pollster YouGov, down 15 percent from the prior month. Other recent polls have put his popularity at 13 percent.

    Earlier the chief executive of France's third-largest bank, Credit Agricole, slammed Hollande's government for its uncertain efforts to kickstart the eurozone's second largest economy.

    "The absence of a clear vision and lack of coherence in economic policies is weighing on confidence and therefore investment and economic activity," CEO Jean-Paul Chifflet said during a conference call to present the bank's results.