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Posts Tagged ‘state of economic and social emergency’

Economic Emergency for France

Posted by feww on January 18, 2016

French President declares “a state of economic and social emergency”

French President Francois Hollande has declared what he called “a state of economic and social emergency,” for the country pledging a 2-billion-euro ($2.2 billion) plan to revive hiring and catch up with a fast-moving world economy, AP reported.

France has been under a state of emergency since the terrorist attacks in November.

“Due to the threat of terrorism in the past, we had to introduce a state of emergency. But amid global chaos and an uncertain economic environment, it’s appropriate to talk about a state of economic and social emergency. Employment is the most important question after the security of French citizens,” TASS news agency quoted Hollande as saying.

“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,” AP reported.

“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.”

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