Hollande Urged to Deliver Competitive Shock By Executives
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French President Francois Hollande was urged by business leaders to give Europe’s second-largest economy a ``competitiveness shock'' to pull it out of the morass.
As Hollande brings labor representatives and company executives together today for a “social summit,” reducing the cost of doing business in France has become the new corporate mantra. Hollande is trying to rekindle an economy that had zero growth in the first quarter and saw joblessness rise to a more than 12-year high.