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French economy

Austerity or bust? Fresh fears of recession threaten euro
07/11/2011 - THE DEBATE

Austerity or bust? Fresh fears of recession threaten euro

Is France as fiscally carefree as Greece and Italy? Markus Kerber certainly thinks so. François Picard’s panel weighs up the pros and cons of austerity at a time when growth is grinding to a halt in Europe.
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How France plans to save €65 billion in four years
07/11/2011 - FRANCE - ECONOMY

How France plans to save €65 billion in four years

France will implement a broad austerity package in a bid to save 65 billion euros by 2016, French Prime Minister François Fillon said on Monday. FRANCE24 presents a roundup of the latest austerity package.
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France unveils budget cuts, tax hikes in austerity plan
07/11/2011 - FRANCE - ECONOMY

France unveils budget cuts, tax hikes in austerity plan

France will implement a broad austerity package in a bid to slash its public deficit by 2016, French Prime Minister François Fillon said on Monday. The measures include raising VAT and corporate taxes.
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The word of the day: austerity
07/11/2011 - IN THE FRENCH PAPERS

The word of the day: austerity

FRENCH PAPERS, Mon. 07/11/11, Austerity is the word of the day in the French press. Prime Minister François Fillon is set to unveil a series of austerity measures to tighten France’s belt. Le Figaro hails Fillon and President Sarkozy, saying that the times are tough and austerity measures are what is needed. Meanwhile, Socialist Presidential candidate François Hollande gives an interview to left-leaning Libération, saying he too agrees that austerity measures are needed to save the economy.
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France to speed up pension reform, says report
06/11/2011 - FRANCE - ECONOMY

France to speed up pension reform, says report

France is set to raise its legal minimum retirement age to 62 one or two years ahead of schedule in a bid to reduce the country’s spiralling deficit, according to a report from French economics newspaper Les Echos.
Budget for 2012 most rigorous since WWII, says PM
06/11/2011 - FRANCE - ECONOMY

Budget for 2012 most rigorous since WWII, says PM

French Prime Minister François Fillon said Saturday that the 2012 budget would be "one of the most rigorous France has known since 1945," in a bid to keep France's excellent credit rating ahead of next year's presidential elections.
The Moody's blues: who has final say on how to fix Europe? (part 2)
19/10/2011 - THE DEBATE

The Moody's blues: who has final say on how to fix Europe? (part 2)

As Nicolas Sarkozy tries to get Berlin to commit to bold decisions at Sunday’s crucial EU summit, a credit warning by Moody’s undermines France’s bargaining position. François Picard's panel argues over the relative weight of credit rating agencies.
The Moody's blues: who has final say on how to fix Europe?
19/10/2011 - THE DEBATE

The Moody's blues: who has final say on how to fix Europe?

As Nicolas Sarkozy tries to get Berlin to commit to bold decisions at Sunday’s crucial EU summit, a credit warning by Moody’s undermines France’s bargaining position. François Picard's panel argues over the relative weight of credit rating agencies.
Moody's warns France on possible negative outlook
18/10/2011 - FRANCE

Moody's warns France on possible negative outlook

France will do everything in its power to maintain its triple-A rating, French Finance Minister François Baroin said Tuesday, after Moody’s rating agency warned it may place the country on negative outlook Monday.
Dexia bank shares tumble despite assurances
04/10/2011 - BANKS

Dexia bank shares tumble despite assurances

Shares of troubled Franco-Belgian bank Dexia fell Tuesday amid signs that it could be split up. The market drop came despite assurances from the French and Belgian governments to “step in if necessary”.
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