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.
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.
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.
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”.
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.
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.
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.
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.
Four certified charts of the Falklands/Malvinas Islands dating back to the XVIII century and belonging to the Pedro de Angelis collection of Brasilia’s National Library were given by the Brazilian Foreign ministry to the argentine delegation currently holding a bilateral meeting in the country’s capital.
Paraguayan ambassador Emilio Gimenez Franco presented last July 11 his credential letters to French president Francois Hollande, making him the country’s representative before Paris.