Bowing to the pressure to create jobs in deprived areas, French President Francois Hollande has agreed to Qatar investing millions of euros into development in France’s troubled suburbs.
The idea was so controversial, it was shelved until after the presidential election by former president Nicolas Sarkozy.
Nevertheless, Hollande met with Qatar’s Emir Sheikh Hamad bin Khalifa Al-Thani in August, and now the French government will match or exceed the amount invested by Qatar.
French entrepeneur Mohame Kemliche is thankful for the plan: “Today, there is a person who will provide finance. This money is a godsend. If you have the money and can recover and create jobs, it is a boost to the suburbs and people will be able to work.”
This money for the suburbs differs to Qatar’s interests in high-profile French companies, including Paris St Germain football club.
However, some are questioning the investment motives.
“They are putting money into these areas only because these populations are predominantly Muslim. It is therefore a religious investment,” said far-right Front National President Marine Le Pen.
“The money shouldn’t be refused on principle. Especially not, as Marine Le Pen says, because Qatar is a Muslim country. This isn’t a problem,” argued Socialist party deputy François Pupponi.
It is believed Qatar will commit around 50 million euros to the suburbs plan and could help rejuvenate areas where unemployment is sometimes over 40 percent.
- 1Turkey blames US for ‘sea of blood’ in region
- 2Nigeria: suicide bomber turns herself in after recognising relatives among potential victims
- 3Snowden, Assange and Manning statues unveiled in Berlin
- 4World powers arrive in Munich hoping to resurrect Syrian peace talks
- 5North Korea: broadcasts footage said to show latest missile launch
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2International news | euronews, latest international news
- 3Most Istanbul blast victims ‘were German’, says Turkey
- 4Madrid to appeal Catalan road to independence from Spain
- 5Thousands in Bucharest blame corruption for Friday’s nightclub blaze
- 6Partnering to grow Europe
- 7Moldova: protesters storm Parliament
- 8Hope vs harsh reality: challenges to global education goals in the 21st century
- 9Extras : euronews : the latest international news as video on demand
- 10Merroussis clinches the 33rd Athens Authentic Marathon
- 11Norway sends Syrian refugees back to Russia
- 12‘National’ funeral for Celine Dion’s husband ‘over the top’
- 13Jorge Lorenzo clinches his third MotoGP title in Valencia
- 14International breaking news | euronews online world breaking news in video
- 15Special Reports : euronews : the latest international news as video on demand
- 16latest Learning World - All Programmes | euronews : the latest international news as video on demand
- 17Benzema questioned in French sex tape case
- 18Middle East - News | euronews : the latest international news as video on demand
- 19Paris: “I would rather see my brother in prison than in a cemetery”
- 20world Weather | euronews: world ten day weather forecast
Latest world news
Stage is set ahead of historic pope-patriarch meeting
Einstein was right! Scientists confirm that gravitational waves exist
Are Europeans spending more on protecting themselves?
Ex-Nazi guard, 94, goes on trial over 170,000 killings at Auschwitz
Koreas: tension climbs on the divided peninsula
Wires > News
- 17:04 CET Russia will not request lifting of EU sanctions at Munich…
- 16:56 CET France’s Hollande reshuffles his government before 2017 elections
- 16:49 CET Chad’s former ruler Habre awaits ruling in landmark human rights…
- 16:33 CET 52 people killed in Mexican prison riot – state governor
- 16:32 CET Einstein’s gravitational waves detected in scientific milestone
- 16:30 CET Eagles of Death Metal schedules first concert since Paris massacre
- 16:28 CET U.N. rights expert accuses Israel of excessive force against…
- 16:20 CET Some 50,000 Syrian refugees heading toward Turkish border -…