News / Economic Divide

France: An economic and social emergency

Thursday, 03 March 2016 10:27 AM [ Last Update: Thursday, 03 March 2016 10:25 AM ]

French President Francois Hollande (©AFP)

The French president's recent announcement of an economic and social emergency sparked reactions both domestically and internationally from European countries.

Francois Hollande had a bold plan to make sure that France’s economy, which had been stalled in growth and employment, would improve. The plan involved a total of two billion euros meant to ultimately create more jobs as to jump-start the economy.

Hollande's Socialist government has struggled to increase economic growth or reduce chronic unemployment, which has been around 10 percent for years. His chances of winning a second term in office 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.

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