French socialist revolt continues

Revolting Europe

The revolt in France’s socialist party continued this week as details of a fresh austerity plan were unveiled by new Prime Minister Manuel Valls.

Valls has announced a 50 billion euro austerity plan to be funded largely by cuts to pensions, a freeze in public servants’ salaries and cuts to public services.

The announcement was “received as a slap in the face by some Socialist MPs who expected at least a gesture to the left”, L’Humanite reported. However, the majority are expected to back the plan when it goes before parliament next April 30, despite the pounding the party received in local polls late last month amid a tightening of the austerity screw.

In the latest sign of dissent among the ruling party’s ranks, MPs wrote on Wednesday to the Prime Minister describing his austerity plan as “economically dangerous”, saying it would “kill off'” the economic recovery and jobs.

The latest figures released last…

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