French Business Owners Protest Lack of Reforms

December 2, 2014 Share Print 0

Thousands of French bosses took to the streets on Monday at the start of a week of coordinated protests against the Socialist government’s regulations and high taxes.
Cities including Paris, Marseille and Toulouse saw around 4,000 owners of small and medium-sized enterprises (SMEs) pound the streets in protest.

Demonstrators brandished signs saying “Free Our Businesses” and wore construction type neon clothing to draw attention to their plight, the France 24 news agency reported.

The last time French employers’ associations marched in protest was in 2000, when the then right-wing government introduced the 35-hour working week. This time around, the protests are part of a week of action called by a number of French employers’ groups to protest against the socialist government’s lack of reform of rigid labor laws that business leaders say are hurting their businesses by making it hard to hire and fire employees.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Google+
Latest Posts

Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.