Michel Picon

Michel Picon is the president of U2P (Union des Entreprises de Proximité), a French organization. He is newsworthy due to his commentary on the current economic climate and its impact on businesses. Recent news articles feature his concerns about the French economy, particularly regarding the increasing number of companies requiring salary guarantees. According to Picon, February saw a record number of businesses needing assistance from the Association de Garantie des Salaires (AGS), with nearly 199 million euros advanced. He suggests the economic situation was already precarious before the Middle East crisis. Picon is also advocating for sector-specific measures to address rising energy costs, especially for professions like nurses who cannot pass those costs onto consumers. He is concerned that the state might be benefiting from increased tax revenue due to higher energy prices and argues that any such gains should be reinvested to support struggling sectors.