PARIS (Reuters) - France's deeply unpopular President Francois Hollande appears to have found inspiration from his hero Francois Mitterrand, announcing an abrupt pro-business lurch in tax policy that echoes moves by his Socialist predecessor 30 years ago.
Desperate to revive the euro zone's second-biggest economy in the face of near record unemployment, Hollande said in his new year's address he would cut companies' labour cost in exchange for firms hiring more workers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
