Economic Emergency Has Been Declared In THIS One Country And It Is Only The Beginning

French President Francois Hollande has announced what he called “a state of economic and social emergency” involving a €2 billion plan to revive hiring and catch up with the world’s economy.

“Due to the threat of terrorism in the past, we had to introduce a state of emergency. But amid global chaos and an uncertain economic environment, it’s appropriate to talk about a state of economic and social emergency. Employment is the most important question after the security of French citizens,” TASS quotes Hollande as saying.

According to AP, in his annual speech to business, Hollande announced plans for training half a million jobless workers, greater use of apprenticeships, and €2,000 aid for small businesses that hire young workers.

“New economic powers are rising, the digital economy is rapidly developing, we have to rethink our economic and social model,” said the President.

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