Hollande Vows to Tackle Rising Unemployment, but the French Are Skeptical She had searched for a job to support herself and her children for more than a year without success, she said, and was now living with her parents. “That’s why we’re here, to find solutions,” Mr. Hollande told her, looking slightly uneasy. “No, but what are you going to do?” she persisted as Mr. Hollande tried to walk away. “I’m not hearing anything concrete.” It’s a sentiment Mr. Hollande has been hearing from business owners, financial analysts and international bankers. He has spent his summer pursuing a daunting task of reassuring the French that the economy will exit from recession. He hopes to reverse a persistent rise in unemployment, which has marched steadily higher as France loses its economic competitiveness. As part of a campaign to lift morale, he has pledged to create thousands of state-subsidized jobs. He pins his hopes on the signs of a recovery in his country and across Europe that suggest the economy might start to grow as early as next year. “It’s still fragile and precarious, but something is happening with the economy,” he said on Tuesday.
Posted on: Thu, 08 Aug 2013 01:39:44 +0000
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