Arab Today, arab today france\s hollande \seeks 120 bn euro growth pact\
Last Updated : GMT 19:19:00
Arab Today, arab today
Arab Today, arab today

France\'s Hollande \'seeks 120 bn euro growth pact\'

Arab Today, arab today

Arab Today, arab today France\'s Hollande \'seeks 120 bn euro growth pact\'

Paris - AFP

French President Francois Hollande has proposed a 120 billion euro \"growth pact\" ahead of key talks with eurozone leaders, newspaper Le Journal du Dimanche reported on Sunday. In a letter sent to fellow European leaders on Thursday, a copy of which the newspaper said it obtained, Hollande proposed a series of measures including a financial transaction tax and investment to boost job creation. It was sent as Hollande prepares to embark on a series of talks where he aims to shift the focus of eurozone economic policy from austerity to growth, culminating in a European Union summit on June 28-29 in Brussels. \"Measures to effect rapid growth, to the tune of 120 billion euros, should be decided by the European Council as of June,\" Hollande wrote in the 11-page document, entitled \"A Pact for Growth in Europe\". \"They should be developed before the end of the year, with in particular the creation of a tax on financial transactions. Finally they should be accompanied by measures for employment, in the first place for young people,\" the newspaper quoted the letter as saying. Funds for the pact would come from three sources, it said: 55 billion euros from unused European structural funds, 60 billion euros raised by the European Investment Bank and 4.5 billion euros in project bonds for infrastructure projects. While 120 billion euros ($152 billion) represents less than one percent of EU gross domestic product, Hollande said he was \"counting on a knock-on effect on all sectors of the economy\", the paper said. The newspaper also reported that Hollande had accepted Germany\'s rejection of so-called eurobonds -- mutualised eurozone debt -- and was looking instead for \"a road map for the next 10 years\" to study the idea. France and Germany have been at loggerheads over eurozone economic policy since Hollande defeated right-winger Nicolas Sarkozy last month, with German Chancellor Angela Merkel insisting that austerity should remain the key focus. Earlier this month Berlin proposed its own growth plan for Europe, an eight-page document focussed on the potentials of the single market and on structural reforms, including privatisations and labour market reforms. Hollande is to leave Monday for talks with fellow G20 leaders in Mexico and on Friday attend a meeting of the leaders of France, Germany, Italy and Spain in Rome, ahead of the EU summit. French Prime Minister Jean-Marc Ayrault said that the Brussels meeting was vital. \"Faced with such a worrying situation we cannot let the meeting fail,\" Ayrault said as he was voting in parliamentary elections on Sunday. \"Europeans must be up to the task of resolving the debt issue, managing the debt, stopping the banking system exploding... and moreover we need growth initiatives,\" he said.

arabstoday
arabstoday

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\s hollande \seeks 120 bn euro growth pact\ Arab Today, arab today france\s hollande \seeks 120 bn euro growth pact\

 



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\s hollande \seeks 120 bn euro growth pact\ Arab Today, arab today france\s hollande \seeks 120 bn euro growth pact\

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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