May 7 - The president of MEDEF, France's largest union of employers, fears Hollande's pledge to hike taxes will choke business and industry.
Welcome back to welcome back to Paris where France's. Waking up and coming to terms with president -- -- -- the socialist policy but it's discuss the outlook for the French economy -- for the employers is not most high so she comes from the president of met deaf which is the move -- there's also faced a false for the French employers' association. Lost cries -- thank you very much for joining us today. First of all your professional reaction to the election of Michelle along because clearly your organization. Was behind mr. Sarkozy. How -- all good news is I'll get a good position that is not to talk so that the musician. Media expressed. Dream -- come -- to all of use how expeditions. But to -- you support to meet the need good as a busy these live also known. -- -- restrictions mornings to save we are ready to work with the new president. They're gonna do that he would put together. All of this proposing what a 150000. New state subsidized jobs and 60000 teaches. This is presumably a welcome move considering processed 10% of unemployment. How it all concern is -- facility -- that we need to. Good good good good targets in terms of digits did this it's. On we really wolves. Patrols would be able to reach the zero different seats in two dozen incidents you know I do they just. So his announcement. Head to high is new senior citizens. He's opposed to the big concern but there are major concern is that to be lost to meet these targets by increasing. The taxes on the business. It's probably true because. Friends business. Maybe they do in -- in the boy you're of the business school. So how this KB ST tax burden. I'm also that the that the issue of employment cost so I understand in 2000 the hourly labor -- what 8% below Germany and now they'll. 10% -- the news from losing its competitiveness. Yes of course we have. -- different kind of -- -- this issue -- but did the major one is the custom regroup. -- industry that doesn't mean industry and services -- so it's a program that's why. That the negative defense is this configuration and he's asking for. And trees above the -- season. In order to. I do the charges of all of the -- And also when he took looks at -- that the top performers he's talking about the ban on stock options. 15% tax into attacks on on the banks are you worried about the sort of brain drain going away from France because people will want to work -- Guess they're worried about that's. We we have to explain kill me to. We'll slow on the what is the companies did this around the world. We we Madrid this. And it's really complain because it was a very. Friends sent today coach David. We didn't just to sell -- -- were not as it is today -- things even these. Openness. And I think you have to expand that to. With the new evidence. He's also talking about a 75% to top income tax level. Reducing the low tax rates and large tax hikes -- launch burns oil companies and no one's wrists and knees. What's the cumulative effect for French employers it's the -- just going to be great to. Have we we afraid of bad bets. As you said -- -- -- -- -- -- some interesting things for this Susan this is key for a bigger -- me and she told jokes because you jokes. The future jobs of we come from the this thing is still on this there. That's victim really its program it's pretty okay we does he but as you say those solely he would announce some new taxes for banks. For always accompanied. And this is looked acceptable I mean all biggest company is improved. Additionally the biggest companies of all over the world and we we need them -- did. As they did -- your. Many things both did a good -- continues so. We only have to discuss it does I told you we are ready to look -- his government. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- From Paris but that's it for now I'm not a -- this is --