Paris police raided the headquarters of Google in France on Tuesday as part of an investigation into tax fraud that has been running since 2011. About 100 tax fraud police, including 25 computer experts, swooped on Google's offices at 5.00am to investigate charges of aggravated tax fraud and money-laundering.
The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default. Germany said there was no sign of a breakthrough. The ongoing debate is taking place in Dresden, Germany in the framework of G7 Finance ministers and central bank chiefs meeting.
French Finance Minister Michel Sapin praised Argentina’s agreement with Paris Club creditors, saying it highlights the country’s effort to “normalize its relations with creditors.”
A victorious Francois Hollande faces a short honeymoon after his election as France's first Socialist president in 17 years, with financial markets eager for clear signals on his policies and how hard he plans to push back against German-led austerity.