Tuesday, January 19, 2016

France becomes second nation in a week to call for a State of Economic Emergency

Late last week the President of Venezuela announced a 60 day State of Economic Emergency as their financial situation continued to deteriorate due to the decline in oil prices.  And now on Jan. 18, the European nation of France has joined in the festivities and called for their own State of Emergency.
French President Francois Hollande issued the economic decree in an attempt to circumvent the continuing downward spirals that are affecting jobs and overall production.  And while this economic emergency is not as restrictive as the one imposed in Venezuela, it recognizes the importance of the situation in France, where Hollande will seek to work with local businesses on how to stimulate growth.


Post a Comment