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Hollande’s new government ready for reforms

MADRID | The Corner | The economy is stagnant, the confidence of businesses and consumers continues to decline and unemployment is touching new highs. France is being forced to carry out reforms from all sides, hence François Hollande and Manuel Valls have chosen the social democrat Emmanuel Macron as Minister of Economy, confirming their willingness to pursue the economic reform agenda.


French construction sector reduces by 0.4% the GDP growth in 1H14

MADRID | The Corner |Besides naming the reshuffle of his Government, after a dispute over hauling the economy out of stagnation caused his government’s collapse, François Hollande has also committed to announce this week a package of measures to revive the economy, including specific stimulus for the construction activity, especially affected in terms of employment by a law to regulate the real estate market precisely adopted at the beginning of his term. It is estimated that construction activity in France represents about 8% of GDP and 1.2 million jobs.