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Francois Hollande

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  • *Bundesbank chief: failure to fine Paris a "political bazaar". *Berlin, Brussels fear bolstering Hollande's anti-EU rivals. BRUSSELS, March 6- France, Germany and the European Commission believe leaving Paris unpunished for persistently failing to curb its budget deficit was a wise compromise that bolsters the euro.

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • LONDON, March 1- The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial centre and a hotbed of Euroscepticism. To sceptics, the election of a radical leftist-led government in Athens committed to tearing up Greece's bailout looks like the start of an...

  • French jobless total falls slightly in January Wednesday, 25 Feb 2015 | 12:02 PM ET

    PARIS, Feb 25- The number of unemployed people in France fell slightly in January, the first drop since August, as the government tries to spur growth and revive hiring in the euro zone's second-biggest labour market. The Labour Ministry said the number of people registered as jobless in mainland France fell by 19,100 last month to 3,481,600, down 0.5 percent...

  • France and Italy launch a rail project across the Alps Tuesday, 24 Feb 2015 | 10:36 AM ET

    PARIS— French president Francois Hollande and Italian prime minister Matteo Renzi have signed an agreement for a long-standing rail project to ease transport of freight across the Alps. The project, which would connect the cities of Lyon in France and Turin in Italy, includes the construction of a 57- kilometer tunnel for an estimated cost over 8 billion euros.

  • Germany's Wolfgang Schaeuble, the "immovable object" in the words of one economist, stopped Greece's charismatic new finance minister Yanis Varoufakis in his tracks, forcing Athens to extend a bailout program on Friday on terms its government was just elected to get out of. More than that, the confusion officials recounted from behind the scenes left mutual...

  • *Der Spiegel says ECB making contingency plans for Grexit. BRUSSELS, Feb 20- Euro zone finance ministers drafted an outline agreement on Friday that could form the basis for extending Greece's financial rescue package, officials on both sides said. European Union paymaster Germany, Greece's biggest creditor, had demanded "significant improvements" in reform...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- Greece's leftist prime minister said on Friday he was certain euro zone finance ministers would accept Athens' request for an extended loan but Germany demanded "significant improvements" in Greek reform commitments. German Chancellor Angela Merkel, speaking after talks in Paris, said all EU...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- Greece's new prime minister said on Friday he was certain euro zone finance ministers would accept Athens' request for an extended loan as EU paymaster Germany softened its hostile tone. Berlin and other euro zone hawks want guarantees that Greece will fulfil strict conditions in its...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- European Union paymaster Germany softened its tone on Friday as euro zone finance ministers raced to break a deadlock over Athens' debts. "We have covered four fifths of the distance, they also need to cover one fifth," the official said, adding Greece wanted to clinch a deal on Friday, but that it would...

  • *Berlin and Athens at odds. *Greece could run out of money by end of March. With EU paymaster Germany and the new radical leftist-led government in Athens digging their heels in over demands that Greece stick to strict austerity conditions in its international bailout programme, the two sides seemed far apart hours before a crucial Eurogroup meeting in Brussels.

  • Putin calls West's bluff over Ukraine peace deal Wednesday, 18 Feb 2015 | 12:52 PM ET

    MOSCOW, Feb 18- Vladimir Putin has called Europe's bluff over east Ukraine as Russia- backed separatists seize a strategic town in defiance of a ceasefire brokered by France and Germany. But declaring the agreement dead would be likely to force Europe to impose new economic sanctions on Russia and increase pressure on U.S. "There is the notion that the West goes to...

  • PARIS, Feb 17- The French government said on Tuesday it could pass President Francois Hollande's economic reform bill by decree, removing the risk of it being blocked by a backbench rebellion. The reform package is needed to persuade the European Commission to give Paris more time to get its public finances into line with EU rules. A government source said Prime...

  • PARIS, Feb 17- Francois Hollande faces a major test on Tuesday when his flagship economic reform bill is put to parliament, 10 days before the European Commission rules on whether France's reforms go far enough to avoid sanctions for its budget slippages. The legislation, which responds to longstanding demands by the European Commission that France open up...

  • PARIS, Feb 17- French lawmakers vote on Tuesday on President Francois Hollande's flagship economic bill, which is a key part of his efforts to convince the European Commission that France is carrying out reforms and should not be punished for its fiscal slippages. Here are the main reforms in the bill:. In specially designated tourist zones- mainly in Paris-...

  • PARIS, Feb 17- Francois Hollande faces a major test on Tuesday when his flagship economic reform bill is put to parliament, 10 days before the European Commission rules on whether France's reforms go far enough to avoid sanctions for its budget slippages. The legislation, which responds to long standing demands by the European Commission that France open up...

  • COPENHAGEN, Feb 15- Danish police shot and killed a man in Copenhagen on Sunday they believe was responsible for two deadly attacks at an event promoting freedom of speech and on a synagogue. The prime minister described the first shooting, which bore similarities to an assault in Paris in January on the office of weekly newspaper Charlie Hebdo, as a terrorist...

  • Egypt's decision to buy 24 of the Dassault Aviation fighters follows failures by successive French governments to sell the plane and leapfrogs three years of inconclusive talks for a 126- plane contract with India. Sisi has been looking to upgrade Egypt's military hardware over fears Islamist militias in neighboring Libya could take control and directly...

  • BRUSSELS, Feb 12- French President Francois Hollande said Egypt would order 24 Rafale fighter jets, a naval frigate and related military equipment in a deal to be signed in Cairo on Monday worth more than 5 billion euros. The contract would make Egypt, aiming to upgrade its military hardware amid fears the crisis in neighbouring Libya could spill over, the first...

  • MINSK, Feb 12- Germany, France, Russia and Ukraine agreed a deal offering a "glimmer of hope" for an end to conflict in eastern Ukraine on Thursday, but the United States said continued, intense fighting ran counter to the spirit of the accord. The deal, announced after more than 16 hours of discussions through the night in the Belarussian capital Minsk, was followed...