Learning English - Words in the News French economic changes ahead | ||||||||||||
The economy is one of the most important and urgent issues for Nicholas Sarkozy, France's new President. He focussed on change during his election campaign, but trade unions are expected to strongly disagree with some of the changes he is planning. Here's our Europe Business Reporter, Alex Ritson: There's no doubting the scale of the economic problems facing Nicholas Sarkozy. France's unemployment rate hasn't fallen below 8 percent in a quarter of a century and its economic growth rate during 2006 was the slowest of any nation in the European Union, except Portugal. But the new President has promised change. He wants to make it easier for businesses to hire and fire workers. Anyone who rejects a job offer will lose their unemployment benefit. The civil service will be slimmed down to help fund big tax cuts for both businesses and individuals. And any time the French work above the thirty-five hour week will be completely tax free. These measures won't go down well with trade unions - who in the past have organised campaigns of open defiance to force French presidents with plans for painful reform to back down. But Mr. Sarkozy has made it an election pledge that unions will no longer be able to bring the country to a standstill. Workers in key areas like public transport will face new requirements to provide minimum levels of service even during strikes. The unions may not like it - but the new President's entire programme of reform depends on his winning any standoff. Alex Ritson, BBC Europe Business Reporter a quarter of a century hire and fire unemployment benefit slimmed down won't go down well open defiance to back down to bring the country to a standstill reform standoff | LATEST STORIES 27 May, 2011 Destruction of smallpox virus delayed 25 May, 2011 Micro-finance 'misused and abused' 20 May, 2011 Lonely planets 18 May, 2011 Germany to invest in more electric cars 16 May, 2011 Argentina builds a tower of books Other Stories | |||||||||||