Skip to comments.French president declares economic emergency
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 ...
Sooner or later, you run out of other people’s money...
Socialist Hollande needs to learn that Socialism is an economic emergency.
France failed centuries ago.
More central planning to control the economy, what could go wrong?
Bernie Sanders for President of France.
Muzzie in and Jews Leaving. That is France’s future.
Hollande is a Socialist @$$hat whose government and policies have caused France’s economic misery. Son shoots parents and then complainsÂ he’s an orphan.
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?
you mean socialism didn’t work?
wow!!! who would of thought that!?
Gotta love it when a socialist pledges to redefine France’s business model.
I’m sure that will work out just fine.
Amazingly, libtards still think the US should be modeled after the European socialist model...
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.
” 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.
Happens to socialistic countries when they run out of other people’s money.
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
500,000 bread makers? Is there a lot of dough in that business?
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.
I’d rather buy French products than Chinese crap.....
That’s a lot of loafers.