Hollande Opens Year with Promises of Tax Cuts, Redeployment from Mali

French President François Hollande has vowed to sharply cut French troop levels in Mali while tackling unemployment at home, as part of his package of New Years’ promises to the French people. Hollande promised on January 8 to reduce the number of French troops in Mali to 1,600 by mid-February. France currently has 2,500 soldiers […]

IMF Report Predicts Modest Recovery but Worsening Unemployment

In an official report on Tuesday, the International Monetary Fund (IMF) forecast a modest return to growth for France in 2014 while warning that unemployment would continue to rise, and advised the French government to ease its deficit reduction measures. In its review of the French economy—the Eurozone’s second largest after Germany, with a GDP […]

Hollande announces new measures to confront unemployment

In the wake of the “Social Conference” that took place in Paris last month, President François Hollande announced new measures on Tuesday to tackle unemployment in France, including the proposition to fund 100,000 training schemes for young people by 2014. 30,000 of the 100,000 are aimed to be created by the end of 2013, while […]

“Social Conference” Tackles Unemployment, Economic Stagnation

President François Hollande launched the second annual “Social Conference” on June 20 at the Palais d’Iéna in the 16th arrondissement of Paris. While last year’s meeting included the initiation of promising plans for “Generation Contracts,” a competitiveness pact, and future job growth, the discussion this year was focused around unemployment and continued economic weakness. The […]

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 […]