Friday, April 3, 2015

Faced with a sluggish recovery, Holland tries to boost investment – Boursorama

Francois Hollande in conversation with employees of Trie-Château in Oise, 3 April 2015 (POOL / AFP / ALAIN JOCARD)

Francois Hollande in conversation with employees of Trie-Château, in the Oise April 3, 2015 (POOL / AFP / ALAIN JOCARD)

Francois Hollande said Friday a series of measures in favor of investment, one of the Achilles heels of French economy to try to boost growth and employment, proclaiming his faith in “the future” industrial France.

“The industry has a future in France,” he told the head of state while the executive is trying to regain the initiative in the economic field after stinging setbacks suffered Sunday by the departmental left.

Francois Hollande was speaking to employees of Forges Trie-Château, in the Oise, a site endangered in 2008, but according to him became an “example of recovery and vitality” since its acquisition in 2013 by the French family group Lebronze Alloys.

If “some” had been able to imagine an economy without “industrial capacity” – referring to the former CEO of Alcatel, Serge Tchuruk, who spoke France a “fabless” in the late 90s – François Hollande is convinced: “There is no vitality” of the French economy without industry.

It remains to ward forecasts INSEE. In his last note of conditions, released Thursday, the institute expects a recovery in the first half of 2015, but not enough to stem the rise in unemployment or cause the “click” of business investment, stalled for seven years.

Not having restored business confidence, investment will remain “sluggish” despite “strong recovery” rate margin businesses, he analyzes

-. ” stronger and faster “-

Hence the eagerness of the President of the Republic does not intend to” wait for the next note of the INSEE “to” stimulate “and “encourage” investment, “key” cornerstone of the recovery.

“The growth recovers and restarts even significantly, we have figures attest, but we must go much stronger and much faster, “he said.

Francois Hollande (2nd d) at its visiting the Forges de Trie-Château, in the Oise, 3 April 2015 (POOL / AFP / ALAIN JOCARD)

Francois Hollande (2nd d) at its visiting the Forges de Trie-Château, in the Oise, 3 April 2015 (POOL / AFP / ALAIN JOCARD)

Francois Hollande was the spread of investment initiatives.

In his presence, the former secretary general of the Elysee became general manager of the Caisse des Dépôts, Pierre-René Lemas, and several insurers (Predica, Generali, AG2R La Mondiale) have signed an agreement to the creation of an investment fund in the capital of SMEs and ETI (mid-caps).

“This fund will represent 500 million euros, half a billion, will directly operational from next month, “assured the Head of State also announced a tax mechanism” exceptional “support to investment.

” All companies that decide to accelerate their projects, to go faster to invest, will be granted a tax system that will improve their cash flow and profitability of the operation, “he said.

As for development loans the investment bank public companies (BPI), they will be brought to 8 billion euros

Last. local authorities investing benefit from early repayment of VAT

The presidential announcements will be followed Wednesday of a new package of economic measures introduced by the Prime Minister, Manuel Valls, following a Cabinet and a government seminar “exceptional”.

Francois Hollande has also referred to the creation of a “business personal account” real “capital of employees” they could keep “throughout (their) professional life”, without announcing it . formally

“personal business account” – training rights, in arduous, time savings accounts and mutual – would be retained by the employee even if they changed business or region .

Courted since the defeat of the majority Sunday, relatives of Martine Aubry awaited signs on this point. In a draft text to the Congress of the Socialist Party to be held in early June in Poitiers, the former Minister of Labour has called for the creation of a “professional social security” that would, she said, “the great social work of this Five-Year” .

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