Hollande promises to address unemployment with two-year plan

French president Francois Hollande last night announced a two-year plan to quell mounting discontent over the flagging economy, rising unemployment, and mass layoffs.

“I have to set the course and the rhythm” to combat “high joblessness, falling competitiveness and serious deficits”, he said. “My mission is a recovery plan and the timeframe is two years.”

Mr Hollande, a Socialist, also acknowledged that unemployment currently stood at around three million, pledging to curb the spiral in a year’s time.