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Friday, May 11, 2012

France: Hollande salary cuts of 30%

Francois Hollande part on the right foot. Among the first measures that it adopts  May 15,  after taking office at the Elysee, will be 'reduced to 30% of the salary, which his predecessor had more' than doubled from the original 7,000 euros in 2007. Hollande will earn 'little more' than 13,000 euros a month compared with more than 19,000 of Nicolas Sarkozy. The same cut will be 'the salaries of MPs and ministers.

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