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Socialism

  • We Are Not Communists: French Lawmaker     Monday, 6 May 2013 | 2:30 AM ET

    Karine Berger, Member of Parliament for the French Socialist Party, tells CNBC that the French socialist government is company friendly, business friendly and market friendly.

  • Hollande Unveils Softened French Bank Reform Thursday, 20 Dec 2012 | 1:36 AM ET
    France Finance Minister, Pierre Moscovici

    France unveiled a long-awaited bank reform, hailing it as a model for the rest of Europe even as critics said it fell short of President Francois Hollande's campaign pledge to get tough with the financial sector.

  • China's New Leaders Worry About Entitlements, Too Wednesday, 14 Nov 2012 | 2:50 PM ET

    As Washington scrambles to avoid the "fiscal cliff," some leaders of China are committed to never allowing their country to fall into the same financial trap.

  • Arnault Move Highlights Belgian Links Wednesday, 12 Sep 2012 | 2:17 AM ET
    Luxury group LVMH CEO Bernard Arnault.

    Albert Frère, the billionaire, is known as the most French of Belgian tycoons. Now his business partner, Bernard Arnault, is poised to become Belgium’s most famous Frenchman if his application for citizenship succeeds, the Financial Times reports.

  • Indigestion for 'les Riches' in a Plan for Higher Taxes Wednesday, 8 Aug 2012 | 3:23 AM ET
    France's opposition Socialist Party (PS) candidate for the 2012 French presidential election Francois Hollande gives a speech, on March 16, 2012, as part of a campaign visit in Strasbourg, eastern France. AFP PHOTO / FRED DUFOUR (Photo credit should read FRED DUFOUR/AFP/Getty Images)

    The call to Vincent Grandil’s Paris law firm began like many others that have rolled in recently. On the line was the well-paid chief executive of one of France’s most profitable companies, and he was feeling nervous.

  • Austerity Reaches the Hollande Government in France Friday, 13 Jul 2012 | 2:40 AM ET
    U.S. President Barack Obama meets with newly elected French president Francois Hollande (L) in the Oval Office on May 18, 2012 in Washington, DC.

    With his first Bastille Day approaching on Saturday, François Hollande and his government have had a good start to his presidency, impressing the French with a down-to-earth style, the New York Times reports.

  • Is Obama a Socialist? Monday, 4 Jun 2012 | 3:38 PM ET
    President Barack Obama speaking in Nashua, NH on energy.

    Is President Obama a socialist? To many historians and political scientists — and to actual socialists as well — the persistent claim lacks credence.

  • What to Look for Next in France and Greece Tuesday, 8 May 2012 | 10:48 AM ET
    April 2012The political situation in Greece is far from certain. At the brink of defaulting on its debts, under Lucas Papademos, an unelected technocrat, most Greek legislators have backed further austerity measures in return for a new €130 billion ($184 billion) bail-out by the European Union. Expected to go to the polls in late April or early May, Antonis Samaras the leader of the most popular conservative New Democracy party has promised to honour the spending cuts demanded by the euro zone g

    The outcome of Sunday’s elections in Greece and France has raised fears that the euro zone debt crisis has entered a new phase, as leaders opposed to austerity threaten to wipe out crisis-fighting measures.

  • France's Hollande Pledges to Be Tough on Finance Monday, 16 Jan 2012 | 2:58 AM ET
    French Flag

    French Socialist presidential hopeful Francois Hollande promised on Sunday to take tough measures to reduce the "dominance of finance", two days after France's top-notch triple-A credit rating was cut by agency Standard & Poor's.

  • "The solution for this crisis of the euro will be more economic governance at the European levels," Pedro Sanchez, the vice-president of the Spanish socialist party PSOE told CNBC ahead of difficult general elections. "Europe will never be the problem for the world or the member states, it will be the solution," he added.

  • UK Unions Step Up as Europe's Left Wanes Thursday, 30 Jun 2011 | 4:18 AM ET
    A protester holds up a smoke bomb during a mass demonstration against government financial cuts in central London, on March 26, 2011.

    Around 750,000 British teachers, civil servants, border agents and other public sector workers went on strike on Thursday after negotiations with the government failed to come to a resolution over proposed pension reforms.

  • Why the French Work This Holiday for No Pay Monday, 13 Jun 2011 | 7:01 AM ET
    France

    Pentecost, from the Ancient Greek pentếkosta, meaning fiftieth, is the Christian holiday celebrating the Holy Spirit descending on the Apostles fifty days after Easter.

  • Portugal's New Government Faces Daunting Task Monday, 6 Jun 2011 | 2:03 AM ET

    Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.

  • France's Unemployed About to Become Criminals? Monday, 16 May 2011 | 4:30 AM ET
    Unemployment

    French politicians are up in arms against proposals that would force those benefiting from state aid to do community service hours, which in the country's legal system are part of a list of punishments for those condemned for crimes such as damaging goods, petty theft or insulting the police.

  • The Worst Hyperinflation Situations of All Time Monday, 14 Feb 2011 | 9:28 AM ET
    Imagine that during the time it took to drink a cup of coffee, the price of that cup of coffee doubled. Although extreme, this becomes the reality of hyperinflation, where prices change so rapidly that everyday items rise exponentially and money becomes worthless, virtually overnight or even in the course of a working day. Today, inflation has become a major topic of debate in the United States, and although many are concerned about the effects of a devalued dollar on the economy, history shows

    What were some of the worst inflation situations in history and how did they come to be? Click to find out!

  • Socialism Partner Story Sunday, 1 Dec 2002 | 12:00 AM ET