Bringing growth back to the European Union and to France
The French Government is committed to bring growth, employment and prosperity back to the European Union and to France. It is doing so by supporting the work of the new European Commission and by implementing measures in France that will streamline our economy.
THE EUROPEAN UNION has to change its mindset to win the battle of growth and employment. This view is shared among Europeans and its outcome is the reorientation policy which started 2 years ago. It commenced with the adoption of the European Pact for growth and employment. France supports the investment plan launched by the European Commission, which proposed to make an additional 315 billion Euros available for investment, to identify new projects and to create a more favorable environment for investment by expanding the common market (digital, energy, capital markets).
On 18 December, the European Council endorsed this investment plan. It will mobilize €315 billion worth of investment between 2015 and 2017, with a guaranteed initial amount of €21 billion. France will submit around 30 projects amounting to €48 billion between 2015 and 2017. 40% of the projects concern digital technology and innovation.
FRANCE must also undertake reforms in order to boost its growth. This is the aim of the Growth and Economic Activity Act presented by the Minister for Economy Emmanuel Macron. This act comprises 90 measures, which will streamline our economy. Here are some of the measures in the Growth and Economic Activity Act:
- Reform of regulated professions: access to regulated professions will be available in territories where there are too few civil notaries, bailiffs, etc. It will cater to new needs and regulate prices.
- Modernization of Labour Law: shops will be allowed to open 12 Sundays a year and every Sunday if they are located in train stations and touristic areas.
- Reform of employment arbitration (tribunals): Procedural rules will be improved, mediation will be encouraged and deadlines will be regulated.