Hollande Needs Revamp to Boost Credibility, Aghion Says

President Francois Hollande must act quickly to cut payroll taxes and improve the pension system to boost France’s credibility in talks with Germany about the future of the euro, a former adviser said.

“For France, it’s important to gain credibility by engaging in structural reform,” Philippe Aghion, who advised Hollande during his election campaign and is a professor at Harvard University, said today in a Bloomberg Television interview from Stockholm.