Hollande Sees Two-Year Time Frame to Fix French Economy

French President Francois Hollande said his government will set up a two-year agenda to fix the euro zone’s second-largest economy, including measures to overhaul labor contracts and state-sponsored jobs to ease unemployment.

“I have a mission: bring this country on the path of recovery,” Hollande said today on TF1 television. “I am going to set a recovery agenda. We have two years to roll out a policy for jobs, a policy for competitiveness and a policy to rebuild public finances.” He promised to have unemployment falling by 2014.

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