Manuel Valls confirmed in the French Journal du Dimanche newspaper that he will hold the Government’s course regarding its policy to encourage growth and employment. A policy which "needs time to produce results", but which the Prime Minister intends to pursue with the implementation of the Responsibility and Solidarity Pact.
"The situation is difficult, we are experiencing a slowdown in growth, not only in France but throughout the Eurozone", the Prime Minister acknowledged during his appearance on French television channel France 2 on Friday 15 August, following the publication of the second-quarter growth figures the previous day. "But we must hold our course", he maintained.
This course is being pursued with the implementation of the Responsibility and Solidarity Pact, as Manuel Valls underlined in the Journal du Dimanche (JDD) on 17 August: "The Responsibility Pact and its 41 billion reduction in labour costs will effectively come into force now ".
Indeed, the final adoption of the amending finance act for 2014 on 23 July initiates the first step in the implementation of this Pact, and the reduction in labour costs in particular. "If we do not support businesses in their own competitiveness, then the country will not get back on its feet", the Prime Minister said in the JDD newspaper. "It is about keeping a level head, holding on and implementing a policy that must create wealth and therefore employment", he explained two days earlier on the French channel France 2.