Following the failure of his program of nationalization and public investment in the early 1980s, French president François Mitterrand

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Mitterrand was forced to introduce austerity measures following the failure of his program of nationalization and public investment in the early 1980s. He did this in order to combat inflation and to stabilize the economy, which was suffering from high levels of public debt and a strong franc. The austerity measures involved cutting government spending, reducing public sector employment, and increasing taxes. Although they were unpopular, they helped to restore France's economic credibility and paved the way for future economic reforms.

Following the Failure of His Program of Nationalization and Public