French President declares economic emergency
Francois Hollande says it is right time to redefine French social and economic model.
French President Francois Hollande has declared a state of economic emergency in the country.
In an annual speech to business leaders in Paris, he said it is the right time to redefine French social and economic model.
Hollande stressed the urgency of updating France 's labor-friendly business model in an increasingly globalized and online economy.