France: Hollande, emergency plan against unemployment

To keep election promise, 2 bil Euro drawn from budget cuts

18 January, 15:35

    Hollande's new year wishes to Employment and Unions forces Hollande's new year wishes to Employment and Unions forces

    (ANSAmed) - PARIS, JANUARY 18 - French President François Hollande who promised he would not renew his candidacy to the Elysée Palace in 2017, if he did not manage to turn around the so-called 'unemployment curve' submitted his labour emergency plan today, 18 months from the presidential vote.

    Hollande announced seven key measures financed "with over 2 billion Euros drawn from budget efforts''.

    One of the most significant measures will be one billion Euros financed by the State to train 500 thousand jobless people.

    Training will mostly affect the least qualified among the unemployed, in particular with regard to fields such as digital and the environment.

    Speaking before the economic and social council, Hollande said that, for the French, employment is ''the single most important thing apart from security''. '' There is no statistics gimmick'' in this operation - assured the president adding that ''what counts is to carry reforms through until the end, beyond electoral deadlines''.

    This is Hollande's last chance. The president stated several times that he woud not seek re-election if he would not manage to turn unemployment numbers in a ''credible and lasting'' way.

    Two billion Euros will be ''wholly financed'' by savings and spending cuts.

    The government will also be able to count on social partners who will make an additional contribution of 80 billion Euros but partecipation by regions remains in doubt.

    Hollande also announced immediate incentives to SME hiring staff with open-ended contracts or fixed-term contracts at least 6 months long.

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean