EC Estimates France Will Miss Deficit Target in 2015

  The European Commission doubts that France will be able to cut its deficit to the target level – 3% of its GDP – in 2015, despite the austerity measures announced by the new government led by Manuel Valls. Last Monday, the European Commission released its latest economic forecast for France, estimating a 3.4% public […]

French Conservatives Voice Support of Swiss Immigration Referendum

In a recent discussion on immigration reform, right-wing French politicians are giving a nod in the direction of Switzerland.  On Sunday, Feb. 9, a narrow majority of 50.3% in Switzerland approved an immigration referendum placing strict quotas on immigration from European Union (EU) countries, of which Switzerland is not a member. The decision, which was […]

Unemployment in France Spikes at End of Year

The rate of unemployment in France rose 0.5% in November, reversing a six-month trend in declining unemployment, a positive trend which continues to be referenced by President François Hollande as the fiscal year draws to a close. A monthly data report released by Pôle Emploi (a French government agency focused on unemployment) on December 26 […]

Defense Company’s Cuts to Affect French Employment

Earlier this month, the European Aeronautic Defense and Space Company (EADS) unveiled plans to cut 5,800 jobs in several European countries – Germany, France, England and Spain. The cuts come just one year after a merger of EADS and BAE Systems, a British defense company, fell through due to opposition in Germany. At a time […]

New Deal Seeks to Tackle Youth Unemployment

On Tuesday, French President François Hollande announced a Franco-German “offensive” that will bring hope to young jobseekers in Europe. Youth organizations have welcomed the initiative. Andrea Gerosa, the founder of Think Young, a group that lobbies for the interests of young people, expressed her support for the initiative. “The countries where they have a very […]

French Unemployment Rate Reaches All-Time High

French Labor Minister Michel Sapin released March’s job figures Thursday, April 25, which showed that Europe’s second largest economy is continuing to flounder during the economic recession. The unemployment rate reached 3,224,000, the highest yet for France. This latest joblessness figure surpasses the previous record high in January 1997 by nearly 30,000 unemployed citizens. This […]

Cour des Comptes Urges France to Review Unemployment Benefits

In the midst of the Euro zone crisis, France faces its own economic problems. The country’s state audit office, the Cour des comptes, has urged the government to review the funding of unemployment benefits for French citizens, saying that the current system is “unsustainable”. The Cour des comptes labeled the benefits as costly and ineffective, […]