Arab Today, arab today france unveils plan to pep up economy sparking demos
Last Updated : GMT 23:22:04
Arab Today, arab today
Arab Today, arab today

France unveils plan to pep up economy, sparking demos

Arab Today, arab today

Arab Today, arab today France unveils plan to pep up economy, sparking demos

Demonstrators protest against the project of French Economy
Paris - AFP

France Wednesday unveiled a controversial package of reforms to energise its crisis-hit economy, including a plan to expand Sunday trading for shops that has sparked outrage in some quarters.
The proposed measures also included a plan to open up traditionally closed-shop sectors of the economy, such as for bailiffs and notaries, thousands of whom hit the streets in an unusual white-collar protest.
"This is not a law about the protected professions or about working on Sundays," the proposed legislation states.
"This is a law which seeks to remove, in a pragmatic way, obstacles we have identified in several sectors to free up untapped potential for growth and activity."
Emmanuel Macron, France's youthful banker turned economy minister, was presenting the measures under the watchful eye of the European Union and Germany, which has recently chided its neighbour for not doing enough to revamp its economy.
Other moves include opening up inter-city coach travel within France, and selling between five and 10 billion euros ($12 billion) in state-owned assets.
But it is the proposal to extend Sunday shopping that has touched off a firestorm of criticism, even among fellow members of the ruling Socialists.
Retail outlets may currently apply to local authorities to open on five Sundays per year, but Macron wants to expand that to 12.
Shops situated in "international tourist zones" would also be allowed to open until midnight and on Sundays year-round.
"Do we want millions and millions of tourists -- notably Chinese -- who come to the capital to leave us and go and do their shopping in London on a Sunday?" asked Prime Minister Manuel Valls in a recent interview.
However, the left wing of the Socialist Party (PS) has said it will vote against the measures after a parliamentary debate expected in January, believing it "casts doubt over all the historical battles of the (political) left".
In a PS memorandum sent to the economy minister and obtained by AFP, deputies said it was "not necessary to move beyond five Sundays per year across the whole nation".
"Everyone has to accept that we have to change things that aren't working, things that drag down the economy and therefore jobs, even if that shakes up habits, vested interests or corporatism," Valls told reporters.
However, this did not mollify a group of several thousand notaries and lawyers, some of them in court dress, who staged a demonstration in central Paris against the reforms.
"Our professions have been insulted, vilified. That's enough," said Pierre-Luc Vogel, president of the Higher Council of Notaries.
- 'Devil in the detail' -
The French economy is badly in need of a fillip. Growth was a sluggish 0.3 percent in the third quarter, after two consecutive periods of zero growth.
Unemployment is stuck at a record high 10.4 percent and President Francois Hollande has vowed not to stand for re-election if he fails to reverse the trend.
Meanwhile, France, Europe's second-largest economy, has found itself in hot water in Brussels and Berlin for its public deficit, which is expected to be above the three percent ceiling until 2017.
German Chancellor Angela Merkel took a pot-shot at Paris over the weekend, saying French reforms were "insufficient", and Brussels has slammed the "limited progress" made by Paris.
"There is no doubt that the French economy suffers from a lack of competition in domestic markets and some of the measures proposed by the government would help to tackle this issue," said Diego Iscaro, France analyst at IHS Global.
"However, the devil is in the detail," he told AFP, adding that there was "a relatively high risk of the bill being significantly diluted during the parliamentary process."
Even if the reforms were approved and implemented in full, Iscaro said there were doubts over whether they would have a significant impact over the short term, "although they should help to lift the economy's long-term growth potential".

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france unveils plan to pep up economy sparking demos Arab Today, arab today france unveils plan to pep up economy sparking demos

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday