Tag: France

Wednesday, August 27th 2014 - 21:03 UTC
Socialist Hollande converts into orthodoxy: names former Rothschild banker in Economy

French president Francois Hollande has replaced his maverick leftist economy minister with a former Rothschild partner in a reshuffle intended to reconcile his efforts to revive the stagnant French economy with deficit-cutting orthodoxy.
Tuesday, August 26th 2014 - 01:47 UTC
French government and opposition in disarray; Euro austerity biting

French President Francois Hollande asked his prime minister on Sunday to form a new government, looking to impose his will on the cabinet after rebel leftist ministers had called for an economic policy U-turn. The surprise move came the day after outspoken Economy Minister Arnaud Montebourg had condemned what he called fiscal “austerity” and attacked Euro zone powerhouse Germany's “obsession” with budgetary rigor.
Wednesday, July 2nd 2014 - 07:45 UTC
Main French bank agrees to 9bn dollars settlement with US prosecutors

France's largest bank, BNP Paribas, has agreed to a record 9bn dollars settlement with US prosecutors over allegations of sanctions violations. As part of the deal, the bank will plead guilty to two criminal charges of breaking US sanctions against trade with Sudan, Iran and Cuba.
Wednesday, July 2nd 2014 - 07:35 UTC
EU upholds ban by France on wearing the Muslim full-face veil: niqab

The European Court of Human Rights has upheld a ban by France on wearing the Muslim full-face veil, the niqab. A case was brought by a 24-year-old French woman, who argued that the ban on wearing the veil in public violated her freedom of religion and expression.
Tuesday, May 27th 2014 - 08:34 UTC
Argentina in another negotiating round with the Paris Club of creditors

Argentina's Economy Minister Axel Kicillof has assured that progress has been made with creditors in the Paris Club as the politician left Monday evening for France in preparation for talks with the financial institution over restructuring Argentina's debt, estimated in 9.5bn dollars.
Monday, May 26th 2014 - 07:43 UTC
Marie Le Pen European victory rattles France; calls for dissolution of national assembly

France suffered a political earthquake on Sunday as the far-right National Front (FN) topped the polls in European elections with an unprecedented haul of one in every four votes cast, exit polls indicated.
Friday, May 16th 2014 - 10:47 UTC
Morales reveal that with Argentine help Bolivia is developing nuclear energy

Bolivian President Evo Morales revealed on Thursday that, with Argentina's help, his country was working to develop nuclear power. Morales had previously indicated that his country had plans to go nuclear with help from both Buenos Aires and France, but this is the first time that the news was confirmed.
Saturday, May 10th 2014 - 00:21 UTC
German exporters say they can cope with a strong Euro

German exporters are well-positioned to cope with the strong Euro, Germany's leading trade organization said on Friday, even after data showed exports posted their biggest fall in nearly a year in March.
Tuesday, April 1st 2014 - 03:41 UTC
Hollande changes policy and names pro-business prime minister

French President Francois Hollande has chosen centrist Interior Minister Manuel Valls as his new prime minister, replacing Jean-Marc Ayrault who quit after the ruling Socialists were trounced in local elections. The 51-year-old Valls has been compared with “New Labor” former British premier Tony Blair both for his pro-business ideas and his dashing style.
Monday, March 31st 2014 - 15:53 UTC
“Black Sunday” for French Socialists, although they managed to retain Paris

French President Francois Hollande is set to take the axe to his beleaguered government after it suffered humiliating losses in local elections in which the far-right National Front (FN) made historic gains.