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France in State of Economic Emergency

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Lobo
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France in State of Economic Emergency

Post by Lobo on Tue 19 Jan 2016, 11:34 am

France in State of Economic Emergency

Posted on January 19, 2016 by Martin Armstrong


President Francois Hollande has publicly stated that the French economy is now in a state of “economic emergency.” He set out a €2bn job creation scheme in a desperate attempt to lift France out of an economic death spiral created by his socialistic policies that have raised taxes and chased out those who create wealth and jobs.
Hollande’s scheme, he proposes, will be a two-year plan where firms with less than 250 staff will get subsidies if they take on young or unemployed persons for six months or more. In addition, Hollande says he will create 500,000 vocational training courses, but that is pointless without firms hiring.
France’s unemployment rate is officially 10.6%, compared to a European Union average of 9.8%, and 4.2% in Germany. However, these numbers are modest and do not properly reflect the students who cannot get a job to start with. He also says that this program will be paid “without any new taxes of any kind.” I suppose he is finally realizing that raising taxes shrinks the private sector and that means less jobs are available.
This entry was posted in Uncategorized and tagged France, Hollande by Martin Armstrong. Bookmark the permalink.
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CITEX
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Re: France in State of Economic Emergency

Post by CITEX on Tue 19 Jan 2016, 4:20 pm

I suppose he is finally realizing that raising taxes shrinks the private sector and that means less jobs are available."

One would hope that this is the case... but  I would almost guarantee you its not... More than likely, he will think it was just in that bad of shape and the immediate spiral down has been lessened by the raised taxes.... what a Moron, unfortunately we are stuck with his evil step sister Pelosi and her little brother Obama.

    Current date/time is Thu 22 Jun 2017, 1:32 pm