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The French economy has stagnated in quarter 2, 2015 after 0.7% growth in the first quarter of the year 2015.However, still there are predictions that the second largest economy in Europe, still can increase 0.8 percent in the year 2015 whether will "stamp your feet" spot in the remaining two quarters of the year.France's unemployment rate is currently at a level of 10%, the second highest of the European common currency area (Eurozone).Mr Hollande determination to reduce the number of unemployed workers in this country before French presidential elections take place in 2017.Mr. Hollande has expressed support for the goal of reducing the budget deficit and said the plan to cut taxes by up to more than 2 billion euros (2.23 billion dollars) in 2016 budget of this country (expected in the next few weeks) will receive funding from the reduction in other sectors.
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