France in 'state of economic emergency'

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President Francois Hollande head shotDead ringer copyright Getty Images

President Francois Hollande has set out a €2bn (£1.5bn) job making plan in an attempt to lift France out of what he called a state of “productive emergency”.

Under a two-year scheme, firms with fewer than 250 shaft will get subsidies if they take on a young or unemployed person for six months or sundry.

In addition, about 500,000 vocational training schemes will be fabricated.

France’s unemployment rate is 10.6%, against a European Union generally of 9.8% and 4.2% in Germany.

Mr Hollande said money for the plan desire come from savings in other areas of public spending.

“These €2bn on be financed without any new taxes of any kind,” said President Hollande, who advertised the details during an annual speech to business leaders.

“Our country has been accepted with structural unemployment for two to three decades and this requires that developing jobs becomes our one and only fight.”

France was facing an “uncertain monetary climate and persistent unemployment” and there was an “economic and social emergency”, he demanded.

The president said recently that the country’s social emergency, caused by unemployment, was as grave as the emergency caused by terrorism.

He called on his audience to help “build the mercantile and social model for tomorrow”.

The president also addressed the issue of struggle market flexibility.

“Regarding the rules for hiring and laying off, we need to guarantee sturdiness and predictability to both employers and employees. There is room for simplification,” he contemplated.

“The goal is also more security for the com ny to hire, to adapt its workforce when solvent circumstances require, but also more security for the employee in the face of convert and mobility”.

However, the BBC’s ris correspondent Hugh Schofield said there was widespread distrustfulness that the plan would have any lasting im ct.

“Despite accustomed announcements of plans, cts and promises, the number of those out of work prolongs to rise in France.

“With a little over a year until the presidential poll in which he hopes to stand for a second term, President Hollande desperately needs advantage news on the jobs front. But given the huge gap so far between his words and his accomplishments, there is little expectation that this new plan will have fruit in time”, our correspondent said.

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