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.
Copyright © 2014 euronewsMore about:
- 1Hong Kong police spray potent substance onto pro-democracy activists
- 2Pope Francis slams ‘haggard’ EU
- 3Rebel leaders call for UN peacekeepers to help crisis-hit eastern Ukraine
- 4US fears another night of racially-charged violence in Ferguson
- 5Official ‘executed by flame-thrower’ over links to Kim Jong-un’s purged uncle
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 3Italy swamped by flash floods | euronews, world news
- 4Back to School for Romania’s new First Lady | euronews, world news
- 5What will you ask US Senator John McCain? | euronews, world news
- 6Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 7India PM Modi appoints Yoga minister | euronews, world news
- 8Vladimir Putin most powerful man in the world – Forbes | euronews, world news
- 9[Live] Rosetta’s Philae lands on comet 67P and enters the history books | euronews, world news
- 10European e-revolution people rise up | euronews, world news
- 11International tv news | euronews: European and International tv news bulletin
- 12Where is the best place in Europe for women? | euronews, world news
- 13Irony as organised crime prosecutor arrested for corruption in Romania | euronews, world news
- 14Obama’s ‘risky’ immigration gamble | euronews, world news
- 15Nadia Comaneci: gymnast of perfection and defector | euronews, the global conversation
- 16Putin plans to leave G20 talks early amid Ukraine pressure | euronews, world news
- 17Transcript of hanged Iranian woman’s final message released | euronews, world news
- 18Syria: Islamic extremists pledge to press ahead with battle for Kobani | euronews, world news
- 19Edgars Rinkevics: “I am gay. Good luck all of you.” | euronews, world news
- 20Anti-immigration protests in Rome | euronews, world news
Wires > News
- 05:48 CET Australia working on new drift modelling for MH370 wreckage
- 05:46 CET Hong Kong police clear Mong Kok protest site – Reuters witness
- 04:53 CET More U.S. troops deployed in Ferguson to guard against fresh riots
- 04:31 CET South Korea makes $500 million oil payment to Iran – sources
- 04:21 CET China, Mexico officials meet, no mention of scrapped rail deal
- 03:53 CET Myanmar political leaders to hold talks on amending constitution
- 03:39 CET Argentina president, back after sick leave, vows to fight hedge…
- 03:06 CET Coal mine accident in northern China kills 24 – Xinhua