France's Hollande says job creation drive to cost 2 billion euro

PARIS (Reuters) - French President Francois Hollande said that new jobs creation measures that he announced on Monday would cost the state two billion euros ($2.2 billion).

"These two billion euros will be financed without any new taxes of any kind, in other words, they will be financed by savings," Hollande said in a speech unveiling the new measures which included subsidies for firms that hire.

($1 = 0.9184 euros)

(Reporting by Leigh Thomas; Editing by Michel Rose)