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French president Hollande outlined his plans on TV on Sunday (Photo: Francois Hollande)

Hollande: '€30 billion must be found'

French Socialist President Francois Hollande has outlined a two-year plan to overhaul the country's stagnating economy and to boost employment.

The President conceded the task ahead to stimulate growth and restore public finances would be formidable, but promised in a live TV address on Sunday (9 September) to achieve results by 2014.

"My mission is a recovery plan and the timeframe is two years," he said.

The country's hope of 1.2 percent growth for 2013 was recently dashe...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

French president Hollande outlined his plans on TV on Sunday (Photo: Francois Hollande)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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