Mon Sep 3, 2012 5:47AM
France's President Francois Hollande (file photo)

France's President Francois Hollande (file photo)

French Socialist President Francois Hollande is expected to face a difficult autumn, as his approval rating has fallen to 44 percent only four months after he took over from Nicolas Sarkozy, Press TV reports. The drop in the popularity of Hollande comes as unemployment in France continued to rise and hit the highest monthly increase in three years in July, with 2.99 million people out of work. An opinion poll conducted by IPSOS last week showed that Hollande's approval rating dropped to 44 percent from 60 percent back in May, when he was elected. However Sarkozy, the country’s former president, had a 61 approval rating 4 months after 2007 presidential vote. This comes as France’s economic growth has gone further down and the rate of unemployment has increased for 15 straight months, reaching to a 13-year high of 10 percent in July. France also faced large job cuts, as over the past months thousands of people lost their jobs in big companies like Peugeot Citroen, Alcatel, and Sanofi and several other enterprises. “Hollande’s falling popularity is because of Europe’s many crises on the global recession, we are very anxious regarding our economic future and also the world’s political stability,” a French man told Press TV. This is while, Hollande had earlier promised to create 80,000 subsidized jobs and hire 60,000 people in the education sector as well as to create a so-called "generation contract" to encourage companies to hire young workers. The opinion poll also showed that 68 percent of people in France were also pessimistic about the future of their country, amid the rising financial crisis in European nations. SAB/MA
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