Francois Hollande unveils €2bn economic plan

French president Francois Hollande has pledged to redefine France’s business model and declared “a state of economic and social emergency”.

The announcement came as he unveiled a €2bn plan to revive hiring and catch up with a fast-moving world economy.

The measures he proposed, however, are relatively modest, and he said they would not “put into question” the 35-hour work week.