February 21, 2007
As Eurozone Watch has written before, the two currently leading candidates for the French Presidency, Nicolas Sarkozy (UMP) and Ségolène Royal (PS), have repeatedly attacked the European Central Bank. They have criticised the euro as being too strong, they have promised to install political control over the to date independent Central Bank. The only moderate voice on this issue in the current Presidential election battle is Francois Bayrou. The good news is that he is gaining grounds in the polls – despite reasonable ideas on EMU governance which are seemingly judged as highly unpopular by his political opponents.