When did the socialist economics of French President François Mitterrand produced inflation and unemployment?
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When did the socialist economics of French President François Mitterrand produced inflation and
France was experiencing slow growth since 1970. This was one of the reasons that a Socialist President was chosen this time by the French people. After coming into power, the government changed so many policies and schemes, such as 39 working hours in a week, one week of paid holiday to 60+ years old, health insurance for the unemployed among others. These changes had an immediate effect on the French Economy causing inflation, unemployment and devaluation of the currency.
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