Francois Hollande
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French President Francois Hollande called on Thursday afternoon for a euro zone government with its own budgetary capacity, a harmonized tax system and a president.
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PARIS, May 18- More than 8,000 French households' tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros.
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"It is my responsibility as the leader of a founder member of the European Union... to pull Europe out of this torpor that has gripped it, and to reduce people's disenchantment with it," Hollande said, casting himself as something of a saviour. "If Europe stays in the state it is now, it could be the end of the project."
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French President Francois Hollande called on Thursday afternoon for a euro zone government with its own budgetary capacity, a harmonized tax system and a president.
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PARIS, May 15- European Commission President Jose Manuel Barroso said on Wednesday France needed to present a credible programme of structural economic reforms if the EU is to grant it two more years to bring its budget deficit down as promised.
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PARIS, May 15- France entered a shallow recession in the first three months of the year as the economy contracted by 0.2 percent because of weak exports, investment and household spending, preliminary data from the INSEE statistics agency showed on Wednesday.
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PARIS, May 14- The French parliament passed a landmark reform of the country's labour code on Tuesday, part of President Francois Hollande's efforts to convince European partners he is determined to revamp the euro zone's second largest economy.
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*Survey finds growing disillusionment with the European Union. BRUSSELS, May 13- Europe's debt crisis has shattered its citizens' faith in the European Union and increased distrust between core nations, although support for the euro currency remains solid, according to a widely watched study released on Monday.
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*Air China, Hainan, China Southern/Eastern orders affected. BRUSSELS, May 13- China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognise its support over a trade row with Europe, a letter seen by Reuters shows.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softer stance on European banking union on Tuesday, saying that rather than waiting for a treaty change, governments should coordinate policies on closing banks.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead using current law without seeking treaty changes.
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BERLIN, May 7- German Finance Minister Wolfgang Schaeuble signalled a softening of his stance on a European banking union on Tuesday, saying the euro zone should press ahead using current law without seeking treaty changes.
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PARIS, May 7- French President Francois Hollande has promised to weed out underperforming ministers as he strives to win back support from a public impatient over still unfulfilled promises to restore jobs and growth.
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PARIS, May 7- French industrial output fell by a worse-than-expected 0.9 percent in March due to lower production in the farm and transport sectors and a sharp drop in refining activity, data showed on Tuesday.
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PARIS, May 6- France is not embarking on a wave of privatisations, Finance Minister Pierre Moscovici said on Monday, adding the state was simply looking to re-balance its 62- billion-euro portfolio to help spur growth and jobs.
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Laurence Parisot, chairwoman of MEDEF, tells CNBC that in a few weeks from now France will have a less rigid labour market, following a deal with the trade unions.
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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.
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Francois Mallet, managing director of Kepler Capital Markets, tells CNBC that the CAC has done well, up almost 20 percent in a year, which shows the French local concern is not the concern of the markets.
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Ludovic Subran, chief economist at Euler Hermes, tells CNBC the problem in France is a lack of investment in the economy which then translates into a lack of jobs.
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Eric Chaney, chief economist at AXA Group, tells CNBC that the decisions taken by the Hollande government have been 'all wrong' for the French economy.
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*Police say 30,000 took part in Paris march. PARIS, May 5- Ten of thousands of far-left French protesters marched to denounce economic austerity on Sunday to mark the end of President Francois Hollande's first year in office.