“French President Francois Hollande has warned that his country is in a state of economic emergency and has unveiled a €2b two-year job creation plan. The proposal aims to offer subsidies to small firms in a bid get them to take on more employees. Speaking at an annual speech to business leaders, Hollande said: ‘Our country has been faced with structural unemployment for two to three decades and this requires that creating jobs becomes our one and only fight.’ He warned that France was facing an ‘uncertain economic climate and persistent unemployment’. France was in a state of economic and social emergency, he said. France’s unemployment rate is 10.6%.”
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