Sarkozy pumps €430m into job creation

President Nicolas Sarkozy, battling against rising unemployment as he faced re-election in April 2012, announced on the 18 January 2012 a €430m package of short-term measures to support job creation and promised a bigger package of reforms at the end of January 2012.

At a meeting with trade unions and employers’ organisations – dubbed a 'summit of the crisis' by the Elysée palace – Mr Sarkozy said the need for action was urgent as the economy had suffered an 'important slowdown' in the fourth quarter of 2011.

ESO: Background information: France to hold jobs summit as unemployment hits 12-year high http://www.europeansources.info/record/france-to-hold-jobs-summit-as-unemployment-hits-12-year-high/

ESO: Background information: French presidential election, 2012 http://www.europeansources.info/record/french-presidential-election-2012/

France24, 18.1.12: Sarkozy calls unions, labour leaders for crisis talks http://www.france24.com/en/20120118-sarkozy-convenes-unions-labour-leaders-crisis-summit-downgrade-economy-france

The Local.fr, 19.1.12: Job summit ends with €429 spending plans http://www.thelocal.fr/2325/20120119/

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