France and Hollande
When the French president announced an economic and social emergency, the French and Europeans reacted to his genuine concern over France’s state of affairs.
He had a bold plan to make sure that France’s economy, which had stalled, whether in growth or unemployment, would improve. It was a total of 2 billion euros meant to ultimately create more jobs as to jump start the economy.
The 2-billion-euro (2.2-billion-dollar) plan to revive hiring and catch up with a fast-moving world economy however was later put under scrutiny, and it was concluded that Francoise Hollande may have made this move in order to gain confidence from the French due to the upcoming presidential elections.
Hollande's Socialist government has struggled to increase stagnant French growth or reduce chronic unemployment, which has been around 10 percent for years.
His chances of winning a second term depend on whether jobs pick up before next year's presidential vote. He had said in the past that if the economy did not improve, he would have no reason to run for a second term.
Watch the full video of this episode below:
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