Breaking News – France: Hollande Declares Economic Collapse “State Of Emergency”

EMP -Economic collapse

 Breaking News – France: Hollande Declares Economic Collapse “State Of Emergency”

French President Francois Hollande declared an economic “state of emergency” before announcing a €2 billion ($2.18 billion) series of measures to cut France’s high rate of unemployment, during a speech in Paris, Monday.

SOT, Francois Hollande, President of France (French): “We must thus face our responsibilities on this major question. I believe that faced with a global situation of economic uncertainty and persistent unemployment, we must also announce an economic and social state of emergency.


This state of emergency implies choices, it concerns firstly government but also those with political responsibility and our social partners. Certainly, three years of preceding efforts have been undertaken. And we see the results – the public deficit has been continuously reduced, corporate margins have been restored to pre-crisis levels, competitiveness has been re-established, and the success of our companies is recognised internationally. Yet at the same time I am disappointed, as growth remains too slow.”

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French president declares ‘state of economic and social emergency’


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