France brings in new blood to try to tackle economic stagnation
Treating France’s economic decline is at the top of the listing of Leader Hollande’s goals and his cabinet reshuffle suggests a far more effective position as economy minister for open leftist politician Arnaud Montebourg.
Montebourg works alongside political friend of Hollande’s who had been promoted from employment minister, the new finance minister, an extended-time friend and Michel Sapin.
The hot Montebourg has accused the European Union of damaging development with austerity measures he claims named the guidelines of suicidal” and German Chancellor Angela Merkel “dangerous and are misguided.
As industry minister, he’s been openly protectionist to secure French jobs, frequently sided with trade unions against employers.
Montebourg told Lakshmi Mittal, the Indian-born leader of the ArcelorMittal metal collection, he wasn’t welcome in France.
He also received much interest in international marketing for his trade of acerbic words with Texan tyre government Maurice Taylor.
He also released a purchase French strategy, actually modeling a conventional blue-and-white hooped fisherman’s jersey on cards to advertise that.
Michel Sapin gets promoted to finance minister despite his inability to reduce French unemployment, currently in a file 3.34 million.
Reduce business taxes to encourage businesses to employ, he’ll need to push through further reforms to France’s labour market, and discover 50 billion pounds of spending cuts to reduce the federal government debt while begging Brussels to delay its contract for France to achieve that.
Montebourg and Sapin will reveal financial obligations however it isn’t yet clear just how their duties may be split as France never divided the money and economy minister careers in this manner before.