Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

French president declares economic emergency
AP via Business Insider ^ | 01/18/16

Posted on 01/18/2016 5:50:44 AM PST by Enlightened1

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.

In an annual speech to business leaders, Hollande laid out plans for training half a million jobless workers, greater use of apprenticeships, and aid for companies that hire young workers.

Hollande's Socialist government has struggled to boost long-stagnant French growth or reduce chronic unemployment, which has been around 10 percent for years. His chances of winning a potential second term may hinge on whether jobs pick up before next year's presidential vote.

Hollande stressed the urgency of updating France's labor-friendly business model in an increasingly border-free, online economy. The measures included a loosening of France's rigid working time rules, and a bonus of 2,000 euros to small businesses that hire young people.

He stressed the need to integrate youth from France's troubled suburbs, including minorities who face job discrimination, into the global economy. High unemployment in France's North African and African communities is seen as one of the factors driving some youths to violent extremism or the drug trade.

Some measures will be included in draft economic reform laws the government is presenting to parliament in the coming weeks.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Philosophy
KEYWORDS: economic; emergency; france; president
Navigation: use the links below to view more comments.
first 1-2021 next last
If France falls, then who will be next economically speaking?
1 posted on 01/18/2016 5:50:44 AM PST by Enlightened1
[ Post Reply | Private Reply | View Replies]

To: Enlightened1

Sooner or later, you run out of other people’s money...


2 posted on 01/18/2016 5:52:42 AM PST by Little Ray (How did I end up in this hand basket, and why is it getting so hot?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Socialist Hollande needs to learn that Socialism is an economic emergency.


3 posted on 01/18/2016 5:53:02 AM PST by iowamark (I must study politics and war that my sons may have liberty to study mathematics and philosophy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

France failed centuries ago.


4 posted on 01/18/2016 5:53:51 AM PST by TexasGator
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

More central planning to control the economy, what could go wrong?


5 posted on 01/18/2016 5:54:26 AM PST by DungeonMaster (Rev 6:4 And it was granted to the one who sat on it to take peace from the earth,)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TexasGator

Bernie Sanders for President of France.

Muzzie in and Jews Leaving. That is France’s future.


6 posted on 01/18/2016 5:55:26 AM PST by Zenjitsuman (A)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Enlightened1

Hollande is a Socialist @$$hat whose government and policies have caused France’s economic misery. Son shoots parents and then complains he’s an orphan.


7 posted on 01/18/2016 5:58:27 AM PST by twister881
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1
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.

Wait, the BDI is plumbing new lows, China is crashing, world trade is at a near standstill (I read it on the interwebs) and he's trying to catch up with that?

I'm confused.

8 posted on 01/18/2016 5:59:17 AM PST by pa_dweller (Go ahead Libs, drink the kool-aid. It's got electrolytes!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

shocking!

you mean socialism didn’t work?

wow!!! who would of thought that!?

/s


9 posted on 01/18/2016 5:59:21 AM PST by TexasFreeper2009
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Gotta love it when a socialist pledges to redefine France’s business model.

I’m sure that will work out just fine.


10 posted on 01/18/2016 6:00:00 AM PST by ClearCase_guy (I don't know what Claire Wolfe is thinking but I know what I am thinking.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Amazingly, libtards still think the US should be modeled after the European socialist model...


11 posted on 01/18/2016 6:00:58 AM PST by Popman (Christ alone: My Cornerstone...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

He declares an emergency but just as quickly says that the 35 hour work week is sacrosanct and won’t be touched. That’s all you need to know.


12 posted on 01/18/2016 6:04:42 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

” laid out plans for training half a million jobless workers”

I never understand tossing out of a bunch of cash for training. I mean it makes sense if there are 500,000 open positions in France where someone can be trained in a short period of time. But I doubt those jobs exist.

It’s not like they are training people to become doctors or accountants or computer scientists or plumbers or electricians. Those are no 4 week training sessions and someone is ready to roll. Plus shouldn’t their education system have trained these people to begin with?

If there are specific position available and training can provide skills to fill them, then great. And I am not talking government paper pushing jobs create just to increase employment. I am talking jobs that create value.


13 posted on 01/18/2016 6:28:27 AM PST by patq
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enlightened1

Happens to socialistic countries when they run out of other people’s money.


14 posted on 01/18/2016 6:30:52 AM PST by SkyDancer ("Nobody Said I Was Perfect But Yet Here I Am")
[ Post Reply | Private Reply | To 1 | View Replies]

To: patq

he talked about apprentice ships

one of those apprenticeships would be as a baker apprentice to learn to make bread and croissants..... a solid trade

handmade bread is the model


15 posted on 01/18/2016 6:37:19 AM PST by bert ((K.E.; N.P.; GOPc;+12, 73, ....carson is the kinder gentler trump.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: bert

500,000 bread makers? Is there a lot of dough in that business?


16 posted on 01/18/2016 6:49:39 AM PST by patq
[ Post Reply | Private Reply | To 15 | View Replies]

To: Enlightened1

The French apparatchiks and socialist central planners are always coming up with “emergency” measures or “reforms.”

its part of the propaganda associated with their socialist governing model.


17 posted on 01/18/2016 7:05:57 AM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88

I’d rather buy French products than Chinese crap.....


18 posted on 01/18/2016 7:08:02 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Enlightened1


19 posted on 01/18/2016 7:09:39 AM PST by JoeProBono (SOME IMAGES MAY BE DISTURBING ’VIEWER DISCRETION IS ADVISED;-{)
[ Post Reply | Private Reply | To 1 | View Replies]

To: patq

That’s a lot of loafers.


20 posted on 01/18/2016 7:15:32 AM PST by Overtaxed
[ Post Reply | Private Reply | To 16 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson