Browse Cases

Showing 1-1 of 1 results

French Students and Workers Strike Against Sarkozy's Austerity Policies, 2009

Time period
January, 2009 to March, 2009
Economic Justice
Total points
6 out of 10 points
Name of researcher, and date dd/mm/yyyy
Stephen O'Hanlon 23/02/2015

The French General Strikes in 2009 came during the first quarter of the country’s recession and was the first general strike in an industrialized nation since the global financial crisis in 2007 and 2008. Economic forecasts predicted that the economy would contract by 2 percent in 2009 and that unemployment would reach 10 percent by 2010. In response to these poor economic predictions, French President Nicolas Sarkozy announced a $34 billion stimulus plan in December, which included capital infusions to banks of more than $11 billion.