France's Hollande sets out plan to tackle 'economic emergency'

[AlexVega]

Yikes, and here everyone was saying socialism and single payer health care was the solution.

Socialism never works. "Free" never works because nothing in life is free.

President Francois Hollande pledged Monday to spend more than 2.0 billion euros ($2.2 billion) on tackling France's "state of economic emergency".

Hollande said he would pump in funding to address the stubbornly high unemployment that has dogged his four years in power, and promised it would not come from tax rises.

The opposition greeted the plan with scorn because Hollande has linked his ability to cut the joblessness to his bid to win re-election in 2017, but the president dismissed suggestions that the measures were "artificial".

"These two billion euros will not be financed through extra taxes of any kind. They will be financed by savings," Hollande said in a New Year's speech to business leaders.

He said one billion euros would be spent on training schemes for unemployed people.

Joblessness, which stands at around 10 percent or 3.57 million people in the eurozone's second-largest economy, was the "only issue that ranks above security for the French people", the president said.

After several years of sluggish growth, the French economy took another blow with the jihadist attacks in November that killed 130 people, which slowed activity in the fourth quarter.

Source is MSN news

Wish him luck but we have to remember that France is the land where the unemployed go on strike.

 

[4est_4est_Gump]

Who are you? General Betrayus?



You should not pronounce it a failure until it fails!

Who knows? This time it might actually work as predicted...