Sarkozy Promises EU430 Million to Fight ‘Worsening’ Unemployment
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French President Nicolas Sarkozy unveiled 430 million euros ($550 million) of measures to promote job creation and said he’ll make more structural proposals later this month.
The measures announced after a so-called “Crisis Summit” with unions and business leaders today include more retraining, reduced charges for small companies hiring young workers and 1,000 new employees for job centers.