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Tax experts say the planned 75 percent tax rate on France's rich will bring in less than hoped, but still may convince the wealthy to relocate beyond the country's borders.
President François Hollande’s socialist government was facing mounting questions on Thursday night over whether it was preparing to back down on its controversial 75 percent marginal tax rate for the rich, the Financial Times reports.
German business giant SAP continues to lead the country's strong economy,. The company's co-CEO, Bill McDermott, provides perspective on the state of Europe's economy and SAP's plans to expand in the cloud computing and mobile markets.
Arnaud Scarpaci, fund manager at Agilis Gestion, told CNBC, that France has avoided recession due to an increase in private investment and some encouraging results out of French companies exposed to Asia.
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.
CNBC's Simon Hobbs reports on today's market activity in Europe; saving the euro zone from collapse, with CNBC's Rick Santelli, and Yra Harris, Praxis Trading partner; and weighing in on conspiracy theories out of Europe, with CNBC's Gary Kaminsky.
Happy days are here again for the euro - for now, says this strategist.
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.
François Hollande, fresh from his first full eurozone crisis summit, is set to turn his attention to the daunting challenge of tackling France’s own rocky public finances: with tax rises looming, it could be a tough week for French business and the better-off. The FT reports.
Rick Rieder, Managing Director, Chief Investment Officer of Fundamental Fixed Income Portfolios, BlackRock tells CNBC what he's watching out for at the EU summit.
Art Cashin of UBS discusses what to watch in the markets today, including the upcoming Greek elections. "This is a good weekend to have lots of ice cubes on hand," says Cashin.
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.