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    January 18, 2016

    Hollande: France Is in An "Emergency Economic Situation"

    Translated by Ollie Richardson for Fort Russ
    19th January, 2016

    France will spend more than 2 billion euros on the implementation of several measures aimed at combating unemployment, the head of state Francois Hollande said on Monday.

    "These measures (to combat unemployment – ed.) will require a significant budgetary effort, more than 2 billion euros — and this concerns education and employment. This 2 billion will not be obtained through taxation, but through savings," said Hollande. According to the leader of France, "The country is in an emergency economic situation", and new measures to counter this are immediately need .

    Stopping the curve of growth of unemployment was one of the main electoral promises of Hollande. In December in a new year address to the nation the President noted that the fight against unemployment in the country remains his priority, and announced additional measures aimed at creating jobs.
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