France earmarks €2.3bn to cut joblessness

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Series Details 30.8.12
Publication Date 30/08/2012
Content Type

Report of a speech by French Prime Minister Jean-Marc Ayrault at the annual conference of Medef, France’s employers’ federation, on the 29 August 2012 as he sought to reassure business leaders concerned by his government’s tax and industrial policies.

Mr Ayrault offered no indication that he would shift the planned balance of savings away from tax increases, as demanded by Medef. But he said the government was committed to addressing France’s declining industrial competitiveness, signalling that it would respond to industry calls for action to reduce the high cost of labour in France, although he gave no details.

Related Links
ESO: Background information: France cuts fuel prices to boost economy http://www.europeansources.info/record/france-cuts-fuel-prices-to-boost-economy/

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