French President Francois Hollande expects an economic recovery that will allow the government to lower taxes, a newspaper reported him as saying on Sunday. “The reform effort is not over yet, but the economic recovery is arriving. This phase will lead to stronger growth, better competitiveness and a redistribution of purchasing power via lower taxes,” Journal du Dimanche quoted Hollande as saying. Hollande, elected for a five-year term in May 2012, said “we have entered the second phase of my term”.