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Francois Hollande

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  • BRUSSELS— Top leaders of the European Union emerged from a meeting with the Greek prime minister early Friday telling him much what they have for weeks: Come up with a reform plan if you want more money to stay solvent. The EU leaders said Greek Prime Minister Alexis Tsipras committed to providing a list of specific reforms in the coming days that would improve his...

  • *Greece running out cash and creditors frustrated by delays. The risk of a continued standoff, exactly a month after Greece secured a last-gasp four-month extension of an EU bailout loan, was underlined in different descriptions by Tsipras and Merkel about what reforms Athens would need to launch. "It is clear that Greece is not obliged to implement...

  • BRUSSELS, March 20- Greece promised on Friday to speed up implementation of its extended bailout agreement and send a full list of detailed reform proposals to its euro zone partners in the coming days, German Chancellor Angela Merkel said. After an overnight mini-summit with Greek Prime Minister Alexis Tsipras, French President Francois Hollande and heads...

  • BRUSSELS, March 19- European Union leaders agreed on Thursday that economic sanctions imposed on Russia will stay in place until a Ukraine peace deal is fully implemented, effectively extending them to the end of the year if need be. EU governments were divided on whether to act now to renew economic sanctions on Russia which expire in July or to wait several...

  • WRAPUP 5-EU tells Greece time, patience running out Thursday, 19 Mar 2015 | 3:46 PM ET

    BRUSSELS/ BERLIN, March 19- Euro zone leaders told Greece on Thursday its leftist-led government must implement agreed reforms to avert a looming cash crunch that could force it out of the single currency. Greece has been kept from bankruptcy by two international bailouts but now risks running out of money within weeks if it does not receive more funds.

  • PARIS, March 19- The owners of Europe's electricity grids say they need an injection of cash and a fresh look at regulation if they are to build and operate new, high-tech networks that can channel green energy sources into homes across the region. "If we want more renewables, we need smarter grids," said Joao Torres, CEO of Portugal's EDP Distribuicao and head of the...

  • BRUSSELS, March 19- European Union leaders look likely to keep economic sanctions on Russia in place until a Ukraine ceasefire deal is fully working, after German Chancellor Angela Merkel said on Thursday it would be wrong to ease pressure on Moscow prematurely. Merkel's comments suggest Germany will strongly encourage leaders meeting at a Brussels summit...

  • BRUSSELS— European Union leaders, losing patience with Greece's leftist government, warned Thursday that it needs to improve its balance sheet much faster if it wants their urgently needed money. "A deal is a deal," said Dutch Prime Minister Mark Rutte, reflecting exasperation among many leaders about the pace at which Greek Prime Minister Alexis Tsipras is...

  • *German finance minister says Athens running out of time. ATHENS/ BERLIN, March 18- Greek Prime Minister Alexis Tsipras lambasted European partners on Wednesday for criticising a new anti-poverty law hours before it is voted on, saying it was the euro zone rather than Athens that must stop "unilateral actions" and keep its word. Tensions already simmering for...

  • *Investors looking to turn overweight France- survey. While far from an investors' favourite, the drive to cut regulations has encouraged fund managers to boost their allocations in France, seeking value shares in firms exposed to the euro zone's second biggest economy as it starts to revive. "The response from international investors on the signs that the...

  • "The direction of that proposal will go into building very strong links between full implementation of Minsk and sanctions that are already in place being in place until full implementation of Minsk," the official told reporters on condition of anonymity. Linking sanctions to full implementation of Minsk would effectively mean extending them at least until...

  • Greek leader defiant ahead of bailout meeting Wednesday, 18 Mar 2015 | 8:17 AM ET

    ATHENS, Greece— Greek Prime Minister Alexis Tsipras insisted Wednesday his government will honor an election promise to end budget austerity— a note of defiance ahead of an expected meeting with the leaders of Germany and France on the country's troubled bailout. Tsipras is expected to meet German Chancellor Angela Merkel, French President Francois...

  • ATHENS, March 18- Greek Prime Minister Alexis Tsipras will raise the country's deepening cash crunch in talks with EU leaders at this week's summit in Brussels, the government's spokesman said on Wednesday, as Athens faces running out of cash in weeks. Tsipras wants to meet German Chancellor Angela Merkel, French President Francois Hollande, European Central...

  • *Greece could run out of cash within weeks. ATHENS, March 17- Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week's EU summit, a Greek official said on Tuesday, as Athens insisted it would not be' blackmailed' over its debt crisis. With tensions still running high, Greece...

  • Greece seeking joint Merkel-Hollande talks on bailout Tuesday, 17 Mar 2015 | 7:49 AM ET

    ATHENS, Greece— Greece has called for joint talks with leaders of Germany, France and the European Union executive to try and resolve the crisis surrounding the country's bailout negotiations. Prime Minister Alexis Tsipras proposed meeting German Chancellor Angela Merkel, French President Francois Hollande, European Central Bank President Mario Draghi...

  • PARIS, March 12- The European Central Bank's quantitative easing program has kicked off without a hitch, ECB executive board member Benoit Coeure said on Thursday, adding that the central bank had not had problems in finding bonds to buy. The ECB has bought 9.8 billion euros worth of assets in three days, Coeure said, with an average maturity of nine years, putting it...

  • France's nuclear love affair too strong to let Areva fail Wednesday, 11 Mar 2015 | 8:32 AM ET

    *Areva's losses force rethink of French nuclear policy. *EDF seen playing bigger role in Areva's reactor arm. Areva's record 4.83 billion euro 2014 loss underlined the troubles of a group which since its 2001 creation never managed to become a world leader in nuclear newbuild.

  • PARIS, March 9- The French economy is on course to grow 0.3 percent in the first quarter, the Bank of France said in its latest business survey on Monday, revising down its forecast from an earlier 0.4 percent. The central bank's business sentiment indicator showed a slight cooling in February to 96 from 98 in January, while sentiment in the services sector rose to 92...

  • *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...