He is guilty of having no credible medium-term plan to reduce the deficit.
That is why economists talk of the need for governments to have a credible medium-term plan to cut their deficits.
But Mr Hollande will have to countenance reform all the same, because he needs a credible medium-term plan to pay for welfare spending without resorting to borrowing.
Also on the agenda will be the finalization of the statutes of the Forum and the development of a medium-term plan of action for the next 6 years.
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America's government, for instance, needs a medium-term plan for deficit reduction, but cutting back spending viciously in the short term at a time of private-sector retrenchment would be a mistake.
America urgently needs a medium-term plan that both raises revenues by reforming taxes and arrests the long-run growth of spending on entitlements such as pensions and health care for the elderly (Medicare).
On the budget, he should promise to cut tax rates only as part of a credible, medium-term plan to stabilise the debt, and refuse to rule out raising net revenue in the process.
Mr Miller's economics minister, Jerzy Hausner, has produced a medium-term plan for belt-tightening that includes bold structural reforms, such as raising the retirement age for women to that for men, and the trimming of automatic indexation of some benefits.
Liberal Democrat John Thurso said the cost should be recovered from those visitors, during a debate on the medium-term financial plan for the Commons administration and savings programme on 8 November 2012.
In September, Shetland Islands Council (SIC) passed a five-year medium term financial plan.
In 2006, China's leadership unveiled the "National Medium- and Long-Term Plan for the Development of Science and Technology, " a blueprint for turning China into a tech powerhouse by 2020.
The Goldilocks policy, as the IMF calls it, urges countries to embark on a gradual fiscal adjustment in the short term, if the markets allow it, coupled with a credible medium-term debt-reduction plan.
Less noticed is that Mr Obama's fiscal plan will also worsen the medium-term budget mess, by making tax cuts for the middle class permanent.
Even those who accept that Greece's problems are largely self-made are depressed by an austerity plan that seems to offer so little hope for the medium term, and will punish many hard-working and modestly paid ordinary Greeks.
The President also has a plan which deals with medium- and long-term deficit and debt reduction, and laying a foundation for future economic growth.
During the event they jointly developed proposals for short- and medium-term activities to strengthen freedom of information, integrating them into an action plan for each country.
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