Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • Israel hits targets in Gaza despite diplomatic efforts for ceasefire

    Read more

  • Flight MH17 shot down ‘by mistake', US intelligence indicates

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Conflicting rulings by two US courts cast shadow on future of Obamacare

    Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Children killed in minibus crash in eastern France

    Read more

  • Hollande says French warship delivery will ‘depend on Russia’s attitude’

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

  • Notorious ‘VIP’ prison in Paris closed for renovations

    Read more

France

Hollande says economic recovery underway

Text by FRANCE 24

Latest update : 2013-07-14

In a Bastille Day interview with French TV channels, President François Hollande said that France’s economic recovery was underway, with both industrial production and consumption picking up despite persistent unemployment.

French President Francois Hollande said on Sunday that the economic recovery had started in France, which entered a recession earlier this year and has record-high unemployment.

“The economic recovery is here,” he said during a Bastille Day interview with top television channels, specifying that industrial production had picked up and there had been a slight uptick in consumption.

Hollande, whose job approval ratings are hovering around a dismal 30%, also promised to fight French “pessimism”, which he said was worse than that of other European counties and even “countries at war”.

Possible tax hikes on the horizon

But with France struggling to rein in its deficit, Hollande did not rule out tax increases to help balance the budget.

“We will make — we have made — savings, and I will increase taxes only if absolutely necessary, ideally as little as possible,” he said.

France’s economy entered a recession in the first quarter of this year, but is forecast to return to growth in the second quarter, with a 0.2 percent expansion.

Hollande also renewed his vow to reverse the rise in joblessness by the end of the year, after the number of unemployed in France hit a record 3.26 million.

“There is the will, there is a strategy, there is consistency,” he said, promising that 100,000 jobs for youth would be created by the end of the year.

Ban on shale gas exploration to be upheld

Hollande also said that he would not revoke France’s ban on the exploration for shale gas under his presidency.

“As long as I am president, there were will be no exploration for shale gas,” Hollande said, adding that the fracking technique [which entails injecting chemicals mixed with water and sand into the ground to release the natural gases] used to extract shale gas presented too many “risks to groundwater”.

Energy companies have been banned since 2011 from exploiting shale gas in France over fears of environmental risks from the potential air and water pollution involved in fracking.

(FRANCE 24 with wires)
 

Date created : 2013-07-14

  • TUNISIA

    Hollande vows to strengthen Franco-Tunisian ties

    Read more

  • FRANCE

    EU seeks dual talks on US surveillance, free trade deal

    Read more

COMMENT(S)