For companies to play the game in the fight against the crisis and unemployment. That’s the message sent by the finance minister Michel Sapin in an interview published Monday in Release .
Divestment
As companies began late May to hit the tax credit for Competitiveness and Employment (CICE), the Minister noted that “investment declined in the second quarter” (INSEE figures). And deplore “a clear responsibility of the French companies.”
“We give them money to invest, hire, innovate. They must seize this opportunity. “
Find the margin level of 2007
For the Minister of Finance, the problem is primarily in corporate margins, “that must return to 2007 levels” after “collapsed between 2007 and 2012″ .
“For as long as the companies will not have regained some of those margins, and with the prospect of finding them completely, they will be in a very difficult situation, and for hire.”
“There is need to implement the pact”
Given the very poor economic indicators in recent weeks, there’s ” not need to reorient the pact [responsibility] , but to apply it “, said Michel Sapin.
” Our responsibility is to implement, in order to give companies the margins they knew in 2007, and collapsed between 2007 and 2012 should be allowed to invest and hire. It is a policy that complements the tax credit for Competitiveness and Employment (IECC), which comes into effect this year and will gain momentum by 2017. “
Presence of Valls at the MEDEF Summer University
Strong signal if necessary, Prime Minister Manuel Valls attend the MEDEF Summer University on August 27 in Jouy-en -Josas (Yvelines). Chief Government will deliver a speech during the opening plenary, while the president and the government are strongly criticized in the ranks of the political left as too favorable to the interests of big business.
This is only the second time since the MEDEF in 1998 that incumbent Prime Minister to participate in this great event retraction employers: Jean-Marc Ayrault had done before him in August in 2012.
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