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Unemployment: EMU Policymakers Focus On The Wrong Problem

Saraceno, Francesco, (2016), “Unemployment: EMU Policymakers Focus On The Wrong Problem”, Social Europe Journal, 9 February

Last week François Hollande lifted the veil on the much-awaited measures for tackling French unemployment (3.6m/10.6%), defined as a “national emergency”. The plan made the news mostly for the pledge to soften the famous 35-hour working week, which nevertheless remains vague. Besides that, the plan consists of two legs: the first is an attempt to fight the loss of skills of long-term unemployed workers by financing training programs.

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