Tuesday, January 19, 2016

French president declares economic emergency

News
President Hollande stated that the French economy is now in a state of Economic and Social Emergency. Unemployment rates near 11% and significantly higher for youth workers means the majority is beginning to question the French economic model. The creation of a economic friendly model, one based spending, tax, and regulation cuts from die-hard socialistic leaders, is highly unlikely. This is the right message but wrong voice. A new voice will carry this message for the next generation.



Headline: French president declares economic emergency

PARIS (AP) — French President Francois Hollande pledged Monday to redefine France's business model and declared what he called "a state of economic and social emergency," unveiling a 2-billion-euro ($2.2 billion) plan to revive hiring and catch up with a fast-moving world economy.

The measures he proposed, however, are relatively modest, and he said they would not "put into question" the 35-hour workweek. With his country under a state of emergency since extremist attacks in November, Hollande did not seek to assume any new emergency powers over the economy.


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