French President Emmanuel Macron’s entourage has been wisely telling anyone who will listen not to expect too much from the proposed new labor code. Indeed, the economics of the reforms suggest that they are unlikely to make a big difference on their own.
CAMBRIDGE –At the end of August, French president Emmanuel Macron unveiled the labor-market overhaul that will make or break his presidency – and may well determine the future of the eurozone. His goal is to bring down France’s stubbornly high rate of unemployment, just a shade below 10%, and energize an economy that badly needs a kick-start.
CAMBRIDGE –At the end of August, French president Emmanuel Macron unveiled the labor-market overhaul that will make or break his presidency – and may well determine the future of the eurozone. His goal is to bring down France’s stubbornly high rate of unemployment, just a shade below 10%, and energize an economy that badly needs a kick-start.