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Francois Hollande

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  • Greece makes new offer to creditors. ATHENS/ BRUSSELS, June 21- Greek Prime Minister Alexis Tsipras made a new offer on a reforms package to foreign creditors on Sunday, signaling eleventh-hour concessions to break a deadlock that has pushed Greece to the brink of bankruptcy. French President Francois Hollande, on a visit to Milan, confirmed Greece had submitted...

  • MILAN, June 21- Greece has presented new proposals to its creditors as it tries to stave off the risk of a debt default, French President Francois Hollande said on Sunday. "Greece sent to the European Commission, and I think to the institutions- that is the International Monetary Fund and the European Central Bank- its new proposals," Hollande said during a press...

  • ROME, June 21- Athens and its international creditors must strike a deal to avert a debt default and keep Greece in the euro zone, French president Francois Hollande said on Sunday. Talks and negotiations must continue so that an agreement is reached, "Hollande said at a televised joint news conference with Italian Prime Minister Matteo Renzi in Milan.

  • BRUSSELS— Greek Prime Minister Alexis Tsipras headed to Brussels late Sunday for a crucial emergency eurozone summit aimed at reaching a deal between Athens and its international creditors that would allow the debt-ravaged country to avoid a default and a potentially disastrous exit from the euro. Tsipras' departure for Monday's summit of the 19 eurozone...

  • *Greece says willing to make concessions. ATHENS/ BRUSSELS, June 21- Greek Prime Minister Alexis Tsipras spoke to the leaders of Germany, France and the European Commission by phone on Sunday in an attempt to break the deadlock over a cash-for-reforms deal as time runs out to save Greece from bankruptcy. But the mood has also hardened in Germany, which has...

  • PARIS, June 18- France's economy will expand fast enough in the second half of the year to halt the rise in unemployment, albeit with joblessness topping 10 percent, the national statistics office INSEE said on Thursday. In an outlook update, INSEE said it expected France to grow 1.2 percent in 2015 after an insipid 0.2 percent in 2014. Growth will be driven...

  • Eurozone leaders to hold emergency summit on Greece Thursday, 18 Jun 2015 | 5:28 AM ET

    Donald Tusk, who chairs meetings of European leaders, called them to Brussels on Monday evening to "urgently discuss the situation of Greece at the highest political level"— frustrated at the lack of progress less than two weeks before a big payment Athens has to make to the International Monetary Fund. However Lagarde's comment is interpreted, the decision to...

  • France's Hollande sets income tax revamp for 2018 Wednesday, 17 Jun 2015 | 6:31 AM ET

    PARIS, June 17- President Francois Hollande's government on Wednesday announced a planned transition to taxation of income at source from 2018, something French governments of both left and right have studied for decades but never put into practice. France with Switzerland is one of the few European countries where income tax is not systematically...

  • *Airbus increases 20- year forecast for aircraft demand. PARIS, June 15- After the marketing triumphs of recent years, manufacturing moved into the spotlight on the opening day of the Paris air show on Monday as planemakers Airbus and Boeing battle to deliver a record $1.8 trillion backlog of orders. GE Aviation, whose CFM International venture with France's...

  • *AerCap close to buying 100 Boeing 737 MAX jets- sources. PARIS, June 12- After years of big-ticket plane orders, next week's Paris Airshow will see rather fewer multi-billion-dollar deals and rather more nervous expressions as planemakers face the daunting task of producing $1.8 trillion of jets already sold. The world's biggest aerospace gathering will...

  • *Greece accuses IMF of pressure tactics. ATHENS/ BRUSSELS, June 12- EU officials revealed on Friday that they had held their first formal talks on the worst-case scenario for Greece, but the darkening outlook failed to fluster Prime Minister Alexis Tsipras, who holed up with his negotiators after proclaiming his optimism at an open air concert.

  • *IMF withdrawal from talks raises nerves on Greece again. LONDON, June 12- The euro sank on Friday after German Chancellor Angela Merkel made a rare comment on exchange rates by saying a "too strong" euro made it harder for countries like Spain and Portugal to reform. The euro, already weakened by concerns over Greece, fell more than half a cent, trading 0.8 percent...

  • *Greece likely to default on IMF loan end June without deal. *EU president says Greece needs to take decisions. WASHINGTON/ BRUSSELS, June 11- The International Monetary Fund dramatically raised the stakes in Greece's stalled debt talks on Thursday, announcing that its delegation had broken off negotiations in Brussels and flown home because of major...

  • *EU president says Greece needs to take decisions. *Greece faces default at end June without deal. BRUSSELS, June 11- The European Union bluntly warned Greek Prime Minister Alexis Tsipras on Thursday that time was up and he should stop playing with his cash-strapped country's future and instead take crucial decisions to avoid a devastating default.

  • *Greece faces default at end June without deal. After late-night talks with the leaders of Germany and France produced no breakthrough, Tsipras was to meet European Commission President Jean-Claude Juncker in the afternoon to try to bridge remaining gaps on a cash-for-reform deal. "At the end of the talks there was absolute unanimity that Greece will work...

  • *Greece faces default at end June without deal to release cash. BRUSSELS, June 11- Greek Prime Minister Alexis Tsipras held a new round of late-night talks with the leaders of Germany and France and agreed to intensify negotiations with Athens' creditors ahead of a looming default at the end of the month. "We decided to intensify the efforts to bridge the remaining...

  • BRUSSELS, June 11- The leaders of Germany and France agreed with Greek Prime Minister Alexis Tsipras on Wednesday that negotiations between Greece and its creditors must be intensified to reach a deal to avert a Greek default but there was no sign of a breakthrough. Greece is likely to default at the end of June if it does not receive fresh funds to enable it to make...

  • BRUSSELS, June 11- The leaders of Germany and France agreed with Greek Prime Minister Alexis Tsipras on Wednesday that negotiations between Greece and its international creditors must be intensified to reach a deal to avert a Greek default. A German government spokesman said after Chancellor Angela Merkel and President Francois Hollande reviewed the...

  • GLOBAL MARKETS-Stocks halt selloff, Treasury yields spike Wednesday, 10 Jun 2015 | 5:18 PM ET

    NEW YORK, June 10- U.S. shares rebounded sharply on Wednesday in the S&P's 500' s best day in more than a month, while longer-dated U.S. "It's a back and forth tug of war between investors in this trading range," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey "You've had a fairly decent pullback in the days up to now.

  • *Greece says up to lenders to respond to its proposals. BRUSSELS, June 10- The leaders of Germany, France and the European Commission told Greece on Wednesday it must reach a deal with its creditors and stop seeking softer terms in a political fix to unlock desperately needed funds. But Merkel stressed that while they want to keep Greece in the 19- nation single...