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Hollande pledges major investment programme

Beleaguered president outlines ten-year programme of investment in digital and other new technologies, alternative energy, health and infrastructure.

La rédaction de Mediapart

This article is freely available.

Beleaguered French President Francois Hollande marked the first anniversary of his election win with a promise to launch a major investment programme that will transform the country, reports AFP.

Under fire from right and left, Hollande outlined what amounts to a comeback strategy constructed around a ten-year programme of investment in digital and other new technologies, alternative energy, health and infrastructure.

"We have achieved a lot in a year, but there remains a considerable amount to do," Hollande told his ministers, asserting that "the coming year will be a year of results."

"The reforms undertaken will change the face of France - profoundly."

Hollande marked the anniversary of his May 6, 2012 win over right-winger Nicolas Sarkozy as the most unpopular president in modern French history.

The Socialist leader has paid a heavy political price for his failure to revive a flagging economy and prevent unemployment rising to a 16-year high.

Newspapers marked Monday's anniversary with harsh criticism, with even the left-wing daily Liberation's front-page headline depicting the president as "A Man Alone".

Read more of this report from AFP.