French President declares economic emergency

French President Francois Hollande has declared what he called “a state of economic emergency� and says it’s time to redefine France’s economic and social model.

The first measures he proposed are relatively modest, and he said they would not “put into question� the 35-hour workweek. He did not seek to assume any new emergency powers.

The measures included a loosening of some worker-friendly measures to encourage companies to hire, and new training for half a million workers.

Current Affairs: 18th January, 2016
Current Affairs Round up December, 2015.

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