Tag: France

Wednesday, April 10th 2013 - 16:14 UTC
Hollande announces sweeping measures to ‘moralize French public life” and banks

French President Francois Hollande has called for “eradication” of the world's tax havens and told French banks they must declare all of their subsidiaries. He was speaking after presenting a draft law aimed at “moralising” French public life - a response to the tax scandal that has shaken his presidency.
Thursday, April 4th 2013 - 22:05 UTC
France and Spain rocked by corruption scandals in the political system

French President Francois Hollande has promised sweeping new anti-corruption measures, a day after his former budget minister admitted having had a secret foreign bank account containing hundreds of thousands of Euros.
Thursday, March 28th 2013 - 09:26 UTC
Frustration with Hollande at its peak; Thursday he will address the French people

French President Francois Hollande's popularity rating has fallen to its lowest level since he came to power, according to a poll released a day before he is due to address the nation to ask for patience as he attempts to revive the economy.
Monday, March 4th 2013 - 05:06 UTC
The “entente fugale” and the French point of view on defence of the Falklands

Dubbed the “entente frugale” and criticised by some as a dangerous dilution of military sovereignty, Franco-British defence cooperation is nonetheless growing stronger. Shrinking budgets, a less indulgent United States and Europe’s diminishing military clout in the world have bolstered the two countries’ determination to work together.
Friday, February 15th 2013 - 05:34 UTC
Germany and France poor performance plunge Euro zone into recession

The Euro zone slipped deeper into recession in the last three months of 2012 after its largest economies, Germany and France, shrank markedly at the end of the year. It marked the bloc's first full year in which no quarter produced growth, extending back to 1995.
Thursday, December 13th 2012 - 07:23 UTC
Rousseff warns austerity measures alone are not sufficient to address economic crises

Brazilian president Dilma Rousseff criticized in Paris policies that are limited to austerity when facing crises because they are not effective in economic terms and only generate ‘more recession and unemployment”.
Saturday, December 1st 2012 - 07:00 UTC
Moody’s downgrades EU financial support funds after France loses top grade

Moody's Ratings agency announced it has downgraded the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) from “Aaa” to “Aa1,” with negative outlook on each.
Thursday, October 18th 2012 - 16:07 UTC
Paymaster Germany suggests EU Executive veto power over national budgets

German Chancellor Angela Merkel demanded stronger central powers for the European Union's executive to veto national budgets that breach EU rules, risking a clash with close ally France at a summit of the bloc's leaders.
Monday, September 24th 2012 - 02:33 UTC
France/Germany celebrate 50th anniversary of post-WWII reconciliation speech

French and German leaders have stressed they will remain committed in tackling European issues on the 50th anniversary of a post-WWII reconciliation speech. Chancellor Angela Merkel and President Francois Hollande made the pledge in the German city of Ludwigsburg.
Wednesday, September 19th 2012 - 21:15 UTC
Don’t wait for the end of the EU crisis: boost trade among emerging economies, recommends Brazil

Brazilian finance minister Guido Mantega said that resolving Europe’s economic problems are likely to drag out over coming years due to a complex and slow process of decision-making in the region and recommended emerging economies to promote domestic consumption and trade among them.