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Francois Hollande

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  • RIGA, Jan 7- Latvia, which has taken over as chair of European Union government meetings, believes Russia may be more willing to negotiate a deal to ease tensions over Ukraine, its foreign minister said on Wednesday. "There is a kind of opening we can use," Edgars Rinkevics told reporters, saying the problems the Russian economy was suffering as a result of Western...

  • Paris shooting: 12 dead in attack  Wednesday, 7 Jan 2015 | 9:08 AM ET

    CNBC's Stéphane Pedrazzi provides the latest on the terrorist attack at a Paris magazine that left at least 12 dead.

  • PARIS, Jan 6- French Economy Minister Emmanuel Macron urged Germany on Tuesday to invest more, saying both Berlin and Paris need to do much more together to revive stalled economic growth in Europe. "We want to convince our German partner that France and Germany must go much further together for Europe's revival," Macron said, adding that France was doing its part in...

  • Germany, France take calculated risk with Grexit talk Tuesday, 6 Jan 2015 | 12:11 PM ET

    *Leftist leader insists Greece should stay in euro. The intention, according to Michael Huether, head of Germany's IW economic institute, is to make clear that other euro area countries "can get on well without Greece, but Greece cannot get on without Europe", and to warn that the left-wing Syriza party would bring disaster on the country. Syriza leader Alexis...

  • PARIS, Jan 5- Germany cast doubt on whether a four-way summit on the Ukraine crisis in Kazakhstan's capital Astana on Jan. 15 would take place on Monday and France's president said the meeting would depend on the likelihood of "new progress" being made. Ukrainian President Petro Poroshenko said on Dec. 29 he had invited the leaders of Russia, France and Germany to...

  • PARIS, Jan 5- President Francois Hollande said on Monday he would take "any risk" to boost French economic growth above the government's forecast 1 percent in 2015, in a bid to cut unemployment with help from economic reforms. Hollande said he would continue to pursue growth via economic reforms despite very low approval ratings and two local elections coming up...

  • PARIS, Jan 5- French president Francois Hollande plans to attend a four-way meeting on the Ukraine crisis in Kazakhstan's capital Astana on Jan. 15. Ukraine's President said on Dec. 29 he had invited the leaders of Russia, France and Germany to Astana talks in an attempt to restore peace to Kiev's eastern territories. Hollande said he hoped the talks would be...

  • Economist Piketty declines France's Legion d'Honneur Thursday, 1 Jan 2015 | 11:09 AM ET

    PARIS, Jan 1- France's star economist Thomas Piketty, who shot to fame and topped best-seller lists in 2014 with his controversial book on wealth and inequality, has declined the country's highest award, the Legion d'Honneur, local media said on Thursday. "They would do better to focus on reviving growth in France and Europe." New York Times columnist Paul Krugman...

  • French jobless ticks up to new record in November Wednesday, 24 Dec 2014 | 6:00 AM ET

    PARIS, Dec 24- More people were unemployed in France in November than ever before, data showed on Wednesday, highlighting continued weak activity in the euro zone's second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 27,400 to 3,488,300, a 0.8 percent increase over one month and 5.8 percent over one year.

  • France waves discreet goodbye to 75 percent super-tax Tuesday, 23 Dec 2014 | 11:21 AM ET

    One adviser warned it was a Socialist step too far that would turn France into " Cuba without sun." "The reform clearly damaged France's reputation and competitiveness," said Jorg Stegemann, head of Kennedy Executive, an executive search firm based in France and Germany. "It clearly has become harder to attract international senior managers to come to France than it...

  • BRUSSELS, Dec 22- Short, snappy and focused on two priorities- reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took over the chairmanship of the 28- nation European Council this month, put his...

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. "The focus still remains on broader risk appetite, the continued fall in commodity prices, in particular oil, and the divergent monetary policies of...

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited the outcome of a Bank of Japan meeting. The dollar added 0.2 percent against the yen to buy 119.06 yen, while the euro tacked on 0.2 percent to 146.21 yen. BOJ Governor Haruhiko Kuroda will likely repeat calls for firms to increase wages at his...

  • BRUSSELS, Dec 18- The president of the European Central Bank urged the region's leaders on Thursday to speed along a new EU investment plan and renewed his calls for economic reform. At a meeting of European Union leaders including Germany's Angela Merkel and France's Francois Hollande, Mario Draghi warned of the fragile state of the euro zone's economy where...

  • But the global context together with new reforms due to kick in next year are leading some to bet that France can achieve its 1 percent growth target for next year- modest by many standards but more than twice the 2014 growth estimate of 0.4 percent. "The chances of the government getting the 1 percent growth it based its budget on have risen quite substantially,"...

  • French parliament passes deficit-cutting 2015 budget Thursday, 18 Dec 2014 | 6:08 AM ET

    Dec 18- The French parliament approved President Francois Hollande's revised 2015 deficit-cutting budget on Thursday, although it remains to be seen whether the European Commission will demand further efforts early next year. The budget has been at the center of a stand-off between the European Commission and France after Paris broke a promise to bring its...

  • FRANKFURT/ PARIS, Dec 17- European Central Bank policymakers are discussing how best to act to revive the euro zone economy rather than whether to do so, ECB board member Benoit Coeure said, as France pressed for a "more suitable" monetary policy for the common currency area. Coeure, a Frenchman close to ECB President Mario Draghi, said there was support on the bank's...

  • The Millenaire mall: coping in low-growth France Sunday, 14 Dec 2014 | 2:00 AM ET

    AUBERVILLIERS, France, Dec 14- In the middle of 2008, construction began on France's biggest mall project in a decade. The 140- store centre, dubbed a "ghost mall" by some visitors, epitomizes the current state of France: high expectations stalled by low spending, dispirited entrepreneurs and a lack of growth prospects since GDP slumped 2.9 percent in 2009 and...

  • PARIS, Dec 13- Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules. "France announced that it will not reach the agreed deficit goal in 2015 and has clearly put back the...

  • *ECB chief to meet Europe's leaders in Brussels. FRANKFURT, Dec 12- The head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling economies or risk blunting an ambitious monetary offensive to help revive the stagnant euro zone. As the central bank inches closer to printing money to buy...