French
President Emmanuel Macron will push through pro-business reforms to
France's labor laws by decree before the end of the summer, according
to a document handed to trade unions at a meeting with Macron and his
prime minister on Tuesday.
Macron
said during the presidential election campaign that he intended to
use executive decrees to overhaul the labor code in a country where
the cost of hiring and firing is seen as a deterrent to investors,
and where unemployment is near double-digits. Macron’s La
Republique En Marche party is on course to win a landslide majority
in this month’s legislative elections, opinion polls show.
His
ability to reform France’s regulation-laden economy will be closely
watched by EU partners, in particular Germany.
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