President Nicolas Sarkozy has been a key player in shaping Europe’s response to the debt crisis that has so far infected Greece, Ireland, and Portugal. Yet the most important thing he can do to shore up the euro may be to deal with the mounting economic problems in his own country. “On our current trajectory, we’re driving straight into the wall,” says Jacques Mistral, an economist at the Paris-based IFRI think tank and member of the French prime minister’s council of economic advisers. “There’s no room to maneuver.’’
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