Francois Hollande Threatens US Business


French President elect is already making U.S. business uneasy.

Francois Hollande has said he will make it “extremely expensive” for businesses to sack French workers.

U.S. businesses employ 800,000 French, and General Motors are looking at closing a large plant in eastern France. At a time when the French economy is struggling, Hollande should make France attractive to foreign investors. France is already famous for it’s powerful unions, who bring the country to a standstill with their frequent strikes.

Standard and Poor downgraded France last year, claiming restrictive labour laws as one of the reasons. Hollande will only make feelings worse, creating an anti-enterprise environment, alienating foreign investment.