French employers urge Hollande to speed up reforms and cut spending

Bosses publish open letter saying president 'must act quickly, with determination and consistency' due to 'urgency' of France's economic situation.

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French employer groups called on President Francois Hollande to speed up reforms and cut public spending to revive the ailing economy in a joint statement issued on Sunday ahead of an annual conference of government officials, employers and labour unions, reports Yahoo! News.