Economic crisis 'exceptionally serious': France's Hollande

Now watching

Next video starts in : 7 Play

Economic crisis 'exceptionally serious': France's Hollande

Economic crisis 'exceptionally serious': France's Hollande
Replay video
Up next

Various - DIRTYBIRD 10 Detroit LIVE Concert

Unlock your personal NFL Now stream by signing in to NFL.com

Economic crisis 'exceptionally serious': France's Hollande

by AFP Videos 1:28 mins

Economic crisis 'exceptionally serious': France's Hollande

by AFP Videos 1:28 mins

SHOTLIST31/08/2012 Châlons-en-Champagne (France)(Source: POOL)NO RESALE / EDITORIAL USE ONLYSOUNDBITE 1-François Hollande, French President, (man, French, 22 seconds)"My duty is to tell the truth to the French. "We are facing a crisis of exceptional seriousness, a long crisis that has lasted now for more than four years and none of the big economic powers, even the emerging (economies), is spared."SOUNDBITE 2-François Hollande, French President, (man, French, 20 seconds)" "Growth is slowing everywhere and the price of raw materials, of cereals, for both climatic and speculative reasons, and also of petrol" are rising, this complicates recovery."SOUNDBITE 3-François Hollande, French President, (man, French, 7 seconds)"We can no longer pass judgement about what has gone before, now is the time to act and prepare for the future."SOUNDBITE 4-François Hollande, French President, (man, French, 19 seconds)"My mission as President is to lead our country so that it makes the right decisions and goes in the right direction and it is down to the government under Jean-Marc Ayrault, to implement these decisions."+IMAGES (0’10)-VAR François Hollande =======================================///AFP Text CHALONS-EN-CHAMPAGNE, France, Aug 31, 2012 (AFP) - President Francois Hollande said Friday that the economic crisis is "exceptionally serious". "My duty is to tell the truth to the French. We are facing a crisis of exceptional seriousness, a long crisis that has lasted now for more than four years and none of the big economic powers, even the emerging (economies), is spared," he said in a speech. "Growth is slowing everywhere and the price of raw materials, of cereals, for both climatic and speculative reasons, and also of petrol" are rising, he said during a trip to France's Champagne region. The French economy is struggling and recorded zero growth in the second quarter of 2012, actually beating expectations it would begin a slide into recession. In July, the number of registered French job seekers saw the sharpest monthly rise in three years as it reached 2.99 million people, the 15th consecutive month the country's unemployment line increased. frd-mat/rm/mm/fz

Must Watch

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless