Fillon's economic shock therapy for France risks side effects


  • World
  • Wednesday, 30 Nov 2016

Francois Fillon, former French prime minister and member of Les Republicains political party, reacts as he delivers his speech after partial results in the second round for the French center-right presidential primary election in Paris, France, November 27, 2016. REUTERS/Christian Hartmann

PARIS (Reuters) - On paper, French presidential favourite Francois Fillon's free-market plans to cut business taxes, relax labour laws and shrink the public sector should give corporate France a shot in the arm and boost economic growth.

But his reforms are likely to come at the cost of showdowns with labour unions and public-sector workers who face losing jobs in a country where strikes can often drag on for several weeks if not months.

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