Keyword: Louis Gallois

This French elite on a merry-go-round of fat-cat jobs

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The nominations last weekend of Anne Lauvergeon and Jean-Claude Trichet as France’s representatives on the re-vamped board of European aerospace and defence group EADS was anything but a surprise, argues Mediapart’s finance and economy specialist Martine Orange. Both are from an elite composed of graduates of France’s grandes écoles and former senior civil servants who are on a life-long merry-go-round of top jobs and fat salaries, and whose purportedly immeasurable talents have overseen the break-up and bankruptcy of the French economy.

Government-commissioned report says France must slash labour costs

President François Hollande is urged by both a government-commissioned report by former EADS boss, and by the IMF, to slash employment costs.