French President Francois Hollande and Mario Draghi the head of the European Central Bank (ECB) have agreed that European demand must be lifted to head off a risk of deflation, French officials said.
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.
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.
A candle-lit vigil at Westminster Abbey and a lights out event have concluded a day of ceremonies marking 100 years since Britain entered World War One. People were invited to turn off their lights for an hour until 23:00 BST, the time war was declared on 4 August 1914.
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.
Six out of 10 Europeans are “not that interested” in the European Parliament elections later this month, according to a poll released ahead of Friday's Europe Day events and despite huge efforts by campaign managers to make the ballot more relevant.
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.
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.
President Francois Hollande's government will stick to planned economic reforms and spending cuts despite being punished in local elections where the anti-immigrant National Front (FN) made gains, the French finance minister said on Monday.
Mercosur and European Union chief negotiators met on Friday in Brussels to define if conditions are ready for the exchange of tariffs reductions proposals with the purpose of reaching an ambitious trade agreement which was started back in 1999 and has yet to mature.