“The IMF said the jobless rate will rise yet further to 11.6pc in 2014 and will not drop below 10.6pc within Mr Hollande’s five-year term. If this grim scenario unfolds, it will be a political hammer blow for Mr Hollande. He asked the nation to judge him on his record in ‘bending the unemployment curve’. The Fund said efforts to bring down the budget deficit should focus on spending cuts rather than fresh taxes, ‘which are among the highest by international standards and have a negative effect on investment and job creation’. Two-thirds of Mr Hollande’s fiscal squeeze has come from taxes, to the fury of the business lobby Medef.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Greek stocks plunge, banks hammered, after five-week crisis shut down
Bitcoin Poses a Challenge for Law Enforcement
Canadian radio station sends bitcoin over the airwaves
Australian public programming questions value of reading to children
Health Care Just Became the U.S.'s Largest Employer
Mass jail break in Pakistan as Taliban gunmen storm prison to free 250 inmates
CIA misled public on interrogation program, Senate report says
Young Greeks Helping Each Other to Combat Crisis
Police summoned, multiple schools locked down after man spotted carrying umbrella
Team Trump Will Not Sanction Russian Bonds After All
EBay asks 145 million users to change passwords after cyber attack
China Has Biggest One-Day Stock Crash Since 2007
Scotland Yard stole dead children’s identities
UN human rights chief slams failure to shut Guantanamo
Making a Crypto Utopia in Puerto Rico