France Declares "State Of Economic And Social Emergency"

France …. French President Francois Hollande declared what he called “a state of economic and social emergency” and outlined a €2 billion job creation plan to revive hiring and catch up with the global economy. In an annual speech to business leaders, Hollande highlighted a series of economic measures to boost long-stagnant French growth and trim chronic unemployment. Hollande’s €2 billion job creation plan In his address to unions and business leaders on Monday, Hollande outlined measures involving the creation of vocational training schemes, additional subsidies for small companies and a programme to boost apprenticeships. Underscoring the importance of job…