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Nicolas Sarkozy

Sarkozy Faces Protests in Strike on Economic Plan

Nicolas Sarkozy 19%

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About 50 percent of France’s domestic high-speed trains and a third of scheduled flights from Paris’s Orly airport were canceled today as unions called for a second general strike in two months to protest President Nicolas Sarkozy’s “inadequate” response to the economic slump. 

France’s eight main unions say Sarkozy isn’t doing enough to counter rising unemployment and boost purchasing power. The government expects the economy to shrink 1.5 percent this year, after French companies shedthe most jobs in 40 years in the fourth quarter as manufacturing slumped amid the worst recession since World War II.

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By Sandrine Rastello and Tara Patel

See Bloomberg


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