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French PM to bring in Sunday shopping as part of reform programme French PM to bring in Sunday shopping as part of reform programme
(35 minutes later)
The French prime minister, Manuel Valls, has told a City audience in London that his drastic reform programme will extend to the introduction of Sunday shopping in Paris, and the major towns of France.The French prime minister, Manuel Valls, has told a City audience in London that his drastic reform programme will extend to the introduction of Sunday shopping in Paris, and the major towns of France.
Valls is fighting on all fronts to lift the French economy out of the doldrums, and may face a confrontation with the new European commission to tolerate a deficit that breaches EU limits.Valls is fighting on all fronts to lift the French economy out of the doldrums, and may face a confrontation with the new European commission to tolerate a deficit that breaches EU limits.
Valls was in London to meet David Cameron and persuade fellow EU leaders that he is trying to take the French economy on the path to structural reform, including an end to the 35-hour working week.Valls was in London to meet David Cameron and persuade fellow EU leaders that he is trying to take the French economy on the path to structural reform, including an end to the 35-hour working week.
Describing it as “bad news to give you here in London”, Valls said shops would open on Sundays in Paris and promised museums will be open seven days week.Describing it as “bad news to give you here in London”, Valls said shops would open on Sundays in Paris and promised museums will be open seven days week.
He said socialists were pro-business and he would use his time in power to transform the country. He said he had accepted the apology from the John Lewis managing director who described France as sclerotic, hopeless and downbeat.He said socialists were pro-business and he would use his time in power to transform the country. He said he had accepted the apology from the John Lewis managing director who described France as sclerotic, hopeless and downbeat.
Valls pointed out that the French economy was the fifth largest in the world and second largest in Europe. Insisting his new government was pro-business, he said the top 75% tax rate would be gone by January.Valls pointed out that the French economy was the fifth largest in the world and second largest in Europe. Insisting his new government was pro-business, he said the top 75% tax rate would be gone by January.
Cameron was told by Valls that he wanted Britain to remain a central figure in the EU, saying the EU without the UK would be amputated. But he also warned the city of London would lose much if it turned its back on Europe. Cameron was told by Valls that he wanted Britain to remain a central figure in the EU but he also said the City of London would lose much if it turned its back on Europe.
Cameron, who has mocked the socialist policies of the French president, François Hollande, will likely be delighted by Valls’s overall tone and list him as a potentially ally in any future negotiations post 2015 on the EU. Cameron, who has mocked the socialist policies of the French president, François Hollande, will probably be delighted by Valls’ overall tone and list him as a potentially ally in any future negotiations on the EU.
Valls argued that as part of an EU reform programme there might need to be a fall in the value of the Euro as a way of stimulating exports. The Euro has fallen 10% in the last six months, but Valls said the eurozone region cannot be the only one without growth, arguing there needed to be further monetary reform. Valls argued that as part of an EU reform programme there might need to be a fall in the value of the euro as a way of stimulating exports. The euro has fallen 10% in the last six months, but Valls said the eurozone region cannot be the only one without growth, arguing there needed to be further monetary reform.
He said he had given himself and his government one objective: to remake France as the premier economic power of Europe.He said he had given himself and his government one objective: to remake France as the premier economic power of Europe.