“The youth is the utmost priority of my mandate”. Thus spoke François Hollande on January 23, 2013, when wishing a happy new year 2013. “Happy” may not have been the right term, “subsidized” should have been better. Indeed, when saying that 500 000 young people below 25 years-old do not have a job, that 25% of them are unemployed, the French President does not think that entrepreneurship is the solution. On the contrary, for him the Government must spend more money to help create jobs. And President Hollande is generous with public money: no less than 5 billion euros will be wasted on inefficient job policies!