France Causes Financial Fret

France Causes Financial Fret

In the western world the terms president, and prime minister means, for lack of a better term, the head of a country, the difference is that between Canada and the United States they have one or the other. Back in the Eastern world of Western Europe, France was the first major European country to adopt a semi-presidential system giving them both a prime minister and a president to oversee it all (Allen et al. 109). This is accomplished by giving the president the power of political figure head for the country and allowing the Prime Minister and the government to “…determine and direct the policy of the nation it shall have at its disposal the administration and the armed forces.” (Allen et al. 133-138). This is best accompanied when the prime minister and the cabinet are a majority the same party as the president giving them a majority government. Currently the President of France is Nicolas Sarkozy, a member of the Union pour un Mouvement Populair (UMP) (which also currently holds a majority government) and was all for the becoming a member of the European Union (Allen et al. 151). The European Union occurred post WWII and is collaboration between 27 states/countries which strive to provide “a source of economic progress and political optimism” along with “reshaping European economies, involving the standardizing of production norms, ending state subsidies for domestic producers, and promoting austerity policies” (Allen et al. 31). This includes ensuring that all states follow a strict set of guidelines and policies to ensure that all members of the Union benefit when they need help the most due to unforeseen incidents or natural disasters leaving the country financially or politically crippled (Ec...

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...lly advance the country enough to get it out of the economic crisis its currently in.

Works Cited

Allen, Christopher S. et al. European Politics in Transition. United States of America: Haughton Mifflin Company, 2009. Print.

Abboud, Leila. “World News: French Auto Aid Prompts EU Competition Inquiry.” The Wall Street Journal 11 Feb. 2009, pg 10. Electronic.

Gauthier-Villars, David. “World News: French Auto Seeks Fee on Banks To Recoup Costs of Bailout.” The Wall Street Journal 20 Oct. 2009, pg A. 11. Electronic.

Forelle, Charles. “EU Rejects A Rescue Of Faltering East Europe.” The Wall Street Journal 2 Mar. 2009, pg A.1. Electronic.

“Dirigisme de rigueur” The Economist 1 Feb. 2010, pg 45-46. Electronic

“Economic and monetary union, Legal and political texts” General Secretariat of the Council of the European Union, European Commission, 19 July 2007. pg 1-13.