The European economic crisis is taking its toll in France. In early January, President Francois Hollande took both the center-left and the center-right by surprise when he announced a series of measures to boost the French economy, including substantial spending cuts as well as tax reductions for companies hiring new workers. These measures marked a reversal for the French government, which spent its first 18 months in office promising to avoid large spending cuts like those applied in southern Europe. A few weeks later, Paris announced that unemployment had reached 11.1 percent in December, invalidating Hollande's promise to reduce unemployment in 2013. The French government currently is holding talks with business groups and trade unions and is expected to announce the details of its anti-crisis plan by mid-year. The measures are meant to appease a population that is increasingly dissatisfied with Hollande's administration . The French economy was slowing down long bef...
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