Francois Hollande Admits Socialist Policies Failed, Declares "Economic State Of Emergency"
Remember when showing 'progress' in Europe was as simple as pointing to your high stock market or low bond yields to "prove" everything is awesome.
Since 2012, when Mr Hollande came to power, more than 600,000 people have joined the ranks of the unemployed at a time when joblessness has decreased in most of the other large European economies.
Well for Francois Hollande, the days of hiding behing manipulated data are over and the open kimono reveals a nation whose stability is wracked by record unemployment. In a desperate-for-re-election speech today, The FT reports that socialist leader Hollande admitted his policies needed reform and that France is an economic "state of emergency."
In a turn towards pro-business policies (sacre bleu!), Hollande prescribed new measures which involve the creation of 500,000 vocational training schemes, additional subsidies for small companies and a programme to boost apprenticeships.
With 15 months before the presidential election, the sense of urgency is also political for the socialist leader, who has tied his decision to run for a second mandate to his ability to curb unemployment significantly this year.
“We have to act so that growth becomes more robust and job creation more abundant,” Mr Hollande said in an address to unions and business leaders. “Our country has been facing structural unemployment for too long and it needs to reform.”
Under the plan, which takes effect immediately, companies with fewer than 250 workers will receive a €2,000 payout for hiring youths and unemployed people for contracts lasting more than six months at salaries below 1.3 times the minimum wage. After two years, the subsidy will become permanent in the form of a decrease in social security charges. The tax breaks previously announced will become permanent beyond 2017, he said.
The new measures, which will cost about €2bn, are seen as aimed at this political goal. Conveniently, offering 400 hours of training to thousands of jobless people would also reduce nominal unemployment before the presidential run.
“The new measures are old recipes,” says Nicolas Lecaussin, head of Institute for Research in Economic and Fiscal Issues, a liberal think-tank. “Training schemes are controlled by unions and efforts to boost apprenticeships have failed repeatedly over the years. As always when presidential elections loom, we’re entering a phase of public spending increases.”
But Mr Hollande denied any political manoeuvring and insisted the plan would be funded by spending cuts.
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So he faces problems at the elections - amid record high youth unemployment and an increasingly disenfranchised citizenry - thanks to the failures of his socialist party's policies... So - use more "taxpayer money" to pay firms to hire people temporarily (no matter what the 'real' demand) in order to reduce the unemployment rate so the optics look good for re-election! Vive La France!
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France is fine.
The rats are panicking.
Nothing a million North African free-loaders can't fix
The French government has massive financial problems, like every other Western nation at this point. They will hold France together until they cannot anymore, and which point it won't be being able to hold France together anymore, but the whole system.
The quicker this system dies, the better. I can only hope the "we're gonna try socialism" casualty list is small and minute.
He'll join Woodrow Wilson (& the rest of the rapidly expanding crew) in their own special branch of Purgatory.
Stupid is as stupid does...
Only because tourism is off the cliff
It is hilarious how humans are unable to accept that most times they themselves are the problem.
Not me... I'm 'EXCEPTIONAL' goddammit! Just look at this stack of counterfeit notes I've collected!
http://www.timesofisrael.com/anti-semitism-drives-record-high-western-eu...
So funny about the timing of the two events. Almost like "The Tribe Inc." has pulled all they can out of the nation is is pulling up roots after screwing the French with hordes of "migrants".
Is Paris burning?
Maintaining perfect form for a central planner, Hollande prescribes more central planning to cure the problems caused by central planning.
"... Under the plan, which takes effect immediately, companies with fewer than 250 workers will receive a €2,000 payout for hiring youths and unemployed people for contracts lasting more than six months at salaries below 1.3 times the minimum wage. ..."
Can you point me to any document that proves/substantiates that Hitler ordered to burn Paris?
"i hear the minarets are lovely this time of year in Paris" -imaginary amerikan tourist
"i hear the minarets are lovely this time of year in Paris" -imaginary amerikan tourist
Perhaps they are staging the ficki-ficki invasion deliberately to drive the french branch of the tribe (as in the transfer agreements in 1934) to fill the void left in new greater israel (syria + israel +sianai) that was made through their proxy genocidal wars conducted by the US and Nato against their arab neighbors. They destroy all the goy in one fell swoop and get their zion and rule the world.
Its so perfect. Its right out of the protocols. Still wondering why they have been chased out of more than 100 countries throughout history? Maybe this time the entire planet will send them off to another galaxy, but we know no one would want them and that they would claim it was all due to antisemitism.
Like this guy?
https://www.youtube.com/watch?v=E9UXictk5Lg
Hollande (all world leaders) knows the things he is proposing no longer fit into the present and rapidly changing global economy but the people still desire the ways of the past and remain in denial of the new conditions. We are in a critical and painful social adjustment period. Votes still matter so that will anchor us in nostalgia for a time.
Some country, somewhere in the West will fundamentally change their governance model in the next decade to leverage emerging technology. The internet's transformative power for government isn't in digital record keeping and spying, it's in solving human error and smart programs acting off of sensory data. Humans aren't angels, they can't govern like they are. Computers keep their promises. Elections will be direct and on algorithm changes.
Damn right the government model will change, but it won't be a new, improved democratic welfare state. It'll be more like Microsoft in the 1990s or Singapore under Lee Kwan Yew: One man, who founded the organization, grew it into an unstoppable force, and remains in total control.
If our new emperor marries well and produces competent sons, we could enjoy centuries of undemocratic prosperity.
We've sent out calls for the Scarlet Pimpernel.
If your economy is over dependent on tourism, that is an easy beast to kill. Terror is cheap to do.
More socialism and government meddling will fix this.
Hollande a 'socialist'? Only in bizarro land America. He and his government are fully on board the US politico-economic trainwreck.
*socialist train-wreck
Nevertheless, the proportion of the population that works is greater than in America.
The author probably means to say the population is increasingly disenchanted; disenfranchised means they cannot vote or that ownership rates have gone down.
The author also means to say the optics are good, and not that the optics look good; that is like saying something costs cheap or weighs heavy.
He is the typical leftist.
Socialism for thee but not for me.
No 'successful' country has ever, to my knowlege, moved from being more liberal to being more conservative without a war, a financial collapse or an internal crisis (revolution, basically).
Once you go lib (read: statist), you never go back. You can hault it's progression from time to time but the ratchet only moves one direction. Changing the system from within is impossible.
What you are missing is that the government is the people. Or is it the people are the government? Either way they are government is us and everything they/we do is good and can't be bad by definition; unless they/we are bad and corrupt but when has that ever happened?
All or nothing until its nothing
Going lib doesn't necessarily mean becoming statist. The monarchies of Europe were statist, and they were the conservative forces of their society—the liberal ones being those subscribing to the revolutionary ideas of nationalism and equality. The liberal ideas of the founding fathers were antistatist or libertarian.
Don't confuse the liberals of today with libertarians. Using for definition of liberal, Hitler and Pol Pot were liberals because they changed the system.
You dont remembet Reagan or Thatcher do you?
France is fine.
Remember the Vendee!
Mr. Hollande, you created a giant minefield, then walked into the middle of it. Just what the hell did you think WOULD happen???
Socialism relies on growing tax revenue base and growing debt base. The debt bubble is popping.
White flag industry booming.
Soon Dijsselbloem templates to be applied in France.
"Qu'ils mangent de la brioche"
Isn't France a socialist paradise? Why work? You can get the Germans to do that for you.
The French government has massive financial problems, like every other Western nation at this point. They will hold France together until they cannot anymore, and which point it won't be being able to hold France together anymore, but the whole system.
The quicker this system dies, the better. I can only hope the "we're gonna try socialism" casualty list is small and minute.
After 1 year of "trying socialism" my ass is bleeding. Before I only had a strong, but bearable itching.
If you look at the monetary history of creating financial disasters, it's been a French speciality. After all, they more or less invented modern printing of money from nothing........
John Law, and the Mississippi Bubble. He formed the first French Central Bank based on fiat. He was also a professional gambler. It did not end well. Yet his example lives on.
"Professional gambler" is more honest than "Keynesian economist"
One and the same.
Oh yes, life in the Banlieues is a real paradise.
kill all french muslims france fixed
could not be more simple
fact you can not build an economy on burka dirka
muslims are useless, uneducated, stupid, ignorant, retard
most mulims earn their money on criminal acitivities like smuggeling drugs, weapons, prostitutes
other incomes are organ traffic (its not forbidden in islam)
90% or more of muslim woman is not working. they sit at home on welfare
their children cant find a job, becuase they leave school early and are agressive. they do not respect the chef, especially if its a woman. most of them miss-behave like 12 years old problem childs. many of them have criminal record so they are rejected.
france is a peace of shit. this idiots fought germans. now they have their filth of nigger islamo shit hole. the most funny part of it is they are proud of france, rdiculous garbage of people. same goes to britain.
im honest; you deserve it
from above:
"they do not respect the chef,"
A round or two with Gordon Ramsay will fix that!
Aha. Eh heh heh. BWAHAHAHAHAHAHAHA!...LMAO!!!
Shhhhh - Ghourdo might find out...