The eurozone’s official unemployment rate reached a record high of 11.8 percent in November, official data revealed on Tuesday, with the number of jobless in the 17-state currency area currently nudging 19 million.
It's a new year and hopefully a new chapter for François Hollande. His first six months in office were tough. With unemployment relentlessly on the rise, his popularity at a record low and a humiliating rebuke by France's Constitutional Court of his bid to slap a 75% tax rate on the super-rich, the Socialist president is struggling. Some, and not only in the opposition, are wondering whether he and his team really have what it takes to run the country.
FRENCH PAPERS, Weds. 02/01/13: French papers react to François Hollande’s first New Year’s address. According to Libération, he was eager to re-conquer public opinion. While Hollande is convinced there will be a return to growth, Le Figaro points out that German Chancellor Angela Merkel isn’t as optimistic.
FRENCH PAPERS, Mon. 31/12/12: Facing high unemployment and a political defeat regarding his "super-tax" law, François Hollande is set to deliver his first New Year’s address to the French. Left-leaning papers say the government acted amateurishly in drawing up the new tax bill. Meanwhile, Le Parisien reports on an unusual call for help coming from China via the US. A woman in Oregon found a letter allegedly from a Chinese forced labour worker in a toy box.
IN THE FRENCH PAPERS, 28/12/12: France’s latest unemployment figures came out yesterday and it's not a pretty picture. Le Figaro says it's the biggest thing to fear in 2013. Meanwhile Libération looks at struggling workers who are fighting to keep their jobs. If France’s mining sector is waning, it's a different story in other parts of the world says Les Echos. The business daily explores billionaire miners across the world.
French President François Hollande has hailed 2013 as the year of the "great battle for jobs". But figures released Thursday show a rise in the jobless rate for the nineteenth consecutive month – and the forecast is for worse to come.
IN THE PAPERS NATIONAL - 27/12/12: Left-leaning Libération focuses on a secret nuclear deal made between France and China. Le Monde explores the plight of Afghan nationals who helped French soldiers during military operations in Afghanistan. And Le Parisien investigates what it calls the "invisible unemployed".
From January 1st, Ireland will host the European Union's rotating presidency for six months. Hervé Amoric met with Irish Prime Minister Enda Kenny to discuss where he feels the country should prioritise. Given the challenging times the EU faces, Enda Kenny wants to push through measures to boost growth, create jobs and deliver stability.
The US economy grew by a 3.1% annual rate in the third quarter – faster than estimated – boosted by exports and government spending, however the gains may be hard to sustain with slowing global demand and tighter fiscal policy.
Although Europe’s politicians often seem uninspired in their answers to record unemployment and anaemic growth, François Picard sits down with young people from around the world who still believe in this old continent.