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France's Hollande says job creation drive to cost 2 bln eur

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French President Francois Hollande said that new jobs creation measures that he announced on Monday would cost the state two billion euros (S$3.16 billion).

[PARIS] French President Francois Hollande said that new jobs creation measures that he announced on Monday would cost the state two billion euros (S$3.16 billion).

"These two billion euros will be financed without any new taxes of any kind, in other words, they will be financed by savings," Mr Hollande said in a speech unveiling the new measures which included subsidies for firms that hire.

REUTERS