French President Francois Hollande has declared a state of economic emergency to redefine France’s economic and social model. Under the ambit emergency, government has proposed series of economic measures to boost long-stagnant economic growth and reduce chronic unemployment.
Proposed economic measures are:
- Training half a million jobless workers, greater use of apprenticeships and aiding companies for hiring young workers.
- Updating country’s labour-friendly business model in an increasingly online and border-free economy.
- Loosening rigid working time rules including 35-hour workweek and a bonus of 2,000 euros to small businesses that hire young people.
- Integrate youth from France’s troubled suburbs especially minorities who face job discrimination into the global economy.
- These measures will be included in draft economic reform laws which French government is going to present in parliament.
France President declares a state of economic emergency
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