28 October 2008 - 20H38
Unemployment: the rising storm (Part 2)
France's jobless rate, already at a lofty eight percent, is expected to start rising again amid a slowing economy and the fallout from the credit crunch. Tonight, we discuss President Nicolas Sarkozy's fresh set of proposals to tackle the issue.
French unemployment is currently at eight percent according to European Union statistics, and it's expected to rise alongside a slowing economy and the fallout from the credit crunch.
As French President Nicholas Sarkozy announces steps to prevent job cuts and stimulate the economy, we'll be debating how realistic his plans are. Indeed, France is already dealing with large budget deficits, in addition to paying for a 360 billion euro bank bailout plan. And this after Sarkozy said earlier this year that state coffers were empty.
So can France really afford three hundred thirty thousand subsidized job contracts while it increases job training programs and invests more in developing sectors like information technology?
Andrea Sanke's guests are:
Guillaume Duval, Chief Editor of the weekly magazine Alternatives Economiques.
Pierre Kosciusko-Morizet, Co-founder of PriceMinister, a French online retailer.
Raphaël Kahane, France 24 Business Editor.
Eric Toussaint, President and Founder of the committee for the abolition of Third World debt.
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