"I fully understand that many jobs in declining sectors should be protected but my concern is that Hollande seems more focused on protecting the past than preparing the future, " said Mr. Le Meur.

WSJ: French Start-Ups Worry About Hollande's Priorities

As Europe stumbles into recession our multinational corporations must feel the heat from a declining euro and lessening revenues, particularly sectors like technology, consumer durables and non-durables and financial services like credit cards receivables, travel and entertainment.

FORBES: Economic Consequences Of Euro Land's Flame-Out