• 75% tax was a campaign promise
  • 75% tax intended to be exceptional, temporary
  • French credibility demands 3% deficit target hit
  • Govt steps to affect joblessness ‘quite quickly’
  • Rate of youth unemployment is unacceptable
  • Still possible to reverse jobless trend in 2013
  • Hopes for return to growth in 2H
  • Hopes 2H growth will reduce unemployment

Bloomberg reporting.

75% tax? Boggles the mind……………..