Search Results for: Francois Hollande
Eurogroup: EU “Trojan Horses” and cracks in the wall
February 20th, 2015
Friday’s Eurogroup is expected to be a tough day of negotiation and a last chance for a “mutually beneficial” situation Finance Minister Yanis Varoufakis’ proposal for a six-month extension of its bailout facility was rejected by Germany that won’t ...
German Economic Growth Accelerates, French GDP Only Slightly Higher
February 13th, 2015
The eurozone’s largest economies were on diverging paths in the final three months of 2014, as German growth accelerated, France slid closer to stagnation and ...
Greek PM Tsipras in Brussels as clock ticks on EU bailout (Video)
February 12th, 2015
Greece‘s radical new prime minister Alexis Tsipras was in Brussels on Thursday to lay out his case for more financial help to fellow EU leaders following finance ministers’ failure to narrow differences overnight. The summit chairman, conservative former Polish ...
Merkel Says Greek Diplomatic Offensive Is Failing
February 5th, 2015
German Chancellor Angela Merkel indicated that a diplomatic offensive by newly elected Greek Prime Minister Alexis Tsipras to ease his nation’s bailout-aid requirements is failing to win over converts. “I don’t think that the positions of the member states ...
Markets advance in anticipation of the ECB meeting
January 20th, 2015
US stock markets were closed on Monday for the Martin Luther King Jr. holiday. When trading resumes today investor attention will likely be focused on earnings reports of big corporations like Morgan Stanley, Johnson & Johnson, IBM and Netflix. ...
France Just Quietly Killed Off Its Failed 75% Super-Tax
January 2nd, 2015
The eye-catching and eye-watering 75% payroll tax rate in France was quietly killed off by the government yesterday, after failing to raise significant revenue. The tax was also accused of driving high earners away from France. The tax raised only ...
French central bank sees fourth-quarter growth at 0.1 percent
December 8th, 2014
France’s economy is on course to grow 0.1 percent in the final quarter of the year, led by a modest gain in industrial activity, the central bank said on Monday in a second estimate confirming its first. The forecast ...
The world’s poorest man has handed himself in to French authorities
December 5th, 2014
Jerome Kerviel, the ex-Societe Generale trader who has more debt than anyone else in the world, has turned himself in to French authorities to begin a three-year jail sentence. His return home is something of an end point to ...
EU will give France and Italy more time to implement tough reforms
November 25th, 2014
The EU will give France and Italy until next spring to implement tough reforms, delaying a verdict on national overspending originally set for this week, a European source told AFP. The decision, to be approved by the European Commission ...
French lawmakers seek clarity on Qatar tax breaks
November 7th, 2014
The finance committee of the French parliament has called for a report by mid-2015 on controversial tax breaks on property deals granted to states including Qatar, France’s closest Gulf ally. In Qatar’s case the concessions were granted by ex-president ...
