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The president of France, François Hollande wants “ accelerate reforms” to stimulate growth of the country’s economy for two trimestres- -estancada, and that will take shape in the first place, a increased competition in the service sector, simplifying planning rules and modification of income tax “to make simpler and fairer its scale” .
In an interview published Wednesday by the newspaper Le Monde , Hollande has it announced that a draft law “On the purchasing power” will be presented in September which aims increase competition in services to consumers and lower prices .
Changes taxation to favor lower income
Within this future standard “measures simplifying planning rules ” and change “regulation on the shop opening on Sundays ” are included, has advanced President
In the field of Taxation , Hollande has advanced to be “ Two major reforms” in budgets 2015. one for “making simpler and fairer tax schedule income “, particularly for more modest contributors , and the other two devices that merge to encourage the unemployed to find work and “ improve the remuneration of precarious employees “.
The president insisted that socialist keep the direction of policy of the Government whose axis is called “covenant of responsibility” which foresees a reduction of 40,000 million euros in three years of social contributions paid by companies- for “ modernize our economy improving competitiveness and supporting both investment and employment “.
Calls on the EU to stimulate consumption
Hollande, blames policies European austerity of poor economic performance , indicates that it will defend European measures to stimulate demand , and to tailor the deficit reduction “exceptional situation” low growth and “very low inflation”
“The diagnosis is relentless. there is a demand problem in Europe . The euro zone has a trade surplus, insufficient investment and a growth rate that does not allow to lower unemployment. That is essentially due to the austerity policies that have been carried out for several years, “denounces Hollande in the interview with the French daily.
When asked how to stimulate consumption in France , the socialist president answers “ if there should be a support of the application, it must be done at European level ” and France will defend it to their partners . European Union (EU)
According Hollande, “ to France, Europe must be a protection : our interests, our rights, our values in the world. A protection .. to defend against threats, but also a protection from the excesses of globalization “.
The French president noted that, with the situation in which he found his country when he came to power in May 2012, stimulating activity with public spending would have resulted “aggravate public debt and impair” the trade balance, so policy has opted for favor production with massive tax cuts for businesses .
One other question about breach of its promise to reduce the deficit and unemployment in 2013, Hollande replied that “ International and European environment has deteriorated since last year made” as a result of the “geopolitical uncertainties” in Ukraine and Iraq, and the “continuation austerity policies in Europe. “
Adapt the pace of deficit reduction at low growth
In this context-and though insists that ways of further reducing the deficit public-, points out that “the pace of fiscal consolidation in Europe must tailored to the unique situation are facing, characterized by a low growth and above all for a very low inflation “.
In this regard, it is not raise” a face to face with Germany “ -reticente new deferrals reduction targets of the red in public accounts, but “is a European debate.”
Hollande holds that value of the euro against other currencies is high , because “ had appreciated outrageously with respect to the economic situation in Europe.” Although he continues the European Central Bank ( ECB) “is aware” of the problem and is already causing a rebalancing against the dollar, this process “is not over.”
The French president is convinced that his country will get its candidate Pierre Moscovici “an important position” with “responsibilities in the economic field” in the next European Commission.
On the meeting next week to meet in Paris to the Social Democrats EU leaders “to converge” their positions ahead of the extraordinary European summit convened on the 30th, François Hollande refuses the goal is “be a coalition “within the European Council , while acknowledging that keeps close political and personal relationship with the president of the Italian Government, Matteo Renzi .
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