French business leaders lash out at Francois Hollande

By Ambrose Evans-Pritchard

France’s business leaders have launched a blistering attack on President François Hollande, demanding drastic measures to halt the country’s industrial decline and shrink the ballooning public sector.

Mr Gattaz said the avalanche of “very dogmatic” measures imposed by Mr Hollande during his first months in power have put companies under enormous stress, and little has been done yet to reverse the damage despite a change in tone. “The government must step up to its responsibilities. Companies can’t till a soil full of rocks and brambles. It is private enterprise that will save France. The public sphere can’t create jobs, only companies can do that, and they’re the heroes.” 

“The house is on fire. France is destroying 8,000 jobs a day,” said Pierre Gattaz, the new leader of business federation MEDEF.

Continue reading...