The Local France

Europe's time of crisis over - Hollande

Fri, 14 Dec 2012 18:02:14 +0100

The times of crisis and confusion for the European Union are over, French President François Hollande said Friday.

Euro crisis 'behind us' - Hollande

Mon, 10 Dec 2012 18:36:15 +0100

French President Francois Hollande said Monday in Oslo that the eurozone crisis was "behind us," noting the efforts the European Union has made made to "resolve the problems."

France: we will strive to rescue Greece

Tue, 30 Oct 2012 16:42:00 +0100

The finance ministers of Germany and France pledged on Tuesday to do everything possible to ensure a Greek rescue plan can be sealed next month, and to save the 17-nation eurozone.

Closer EU union 'only after 2014': Hollande

Wed, 17 Oct 2012 14:10:29 +0200

President François Hollande said on Wednesday that France would support steps to closer political union in the European Union only after 2014 elections to the European Parliament.

French banking giant moves to sell Greek arm

Mon, 01 Oct 2012 19:19:00 +0200

French Credit Agricole bank said on Monday it was in exclusive talks to offload its Greek subsidiary Emporiki to Greece's Alpha Bank, under terms requiring the French bank pumping huge extra amounts of funding into its ailing offshoot.

'No need to change constitution' over pact

Fri, 10 Aug 2012 11:20:00 +0200

France's Constitutional Council ruled on Thursday that no change to the country's constitution was necessary to adopt the EU's fiscal pact, a key element in efforts to overcome the eurozone's debt crisis.

French vote 'could delay euro pact for months'

Thu, 09 Aug 2012 17:17:00 +0200

France was set to decide Thursday whether its constitution must be amended to adopt the EU's fiscal pact, a move that could call ratification of the euro-saving deal into question for months.

Merkel and Hollande talk ahead of crunch summit

Thu, 28 Jun 2012 11:41:00 +0200

Germany's Angela Merkel held last-minute talks with French President François Hollande on Wednesday before a crucial EU summit but warned she would not budge in her opposition to pooling eurozone debt.

Paris meeting to plan for crunch EU summit

Tue, 26 Jun 2012 11:20:00 +0200

The finance ministers of France, Germany, Spain and Italy will hold talks in Paris on Tuesday in the warm-up to a crunch EU summit later this week, French Finance Minister Pierre Moscovici said.

France to push for eurobonds in Brussels

Thu, 21 Jun 2012 10:53:00 +0200

Germany and France will overcome their differences and agree on solutions to the current crisis at the upcoming EU summit, French Prime Minister Jean-Marc Ayrault said in an interview Wednesday.

Strong demand for French bonds in auction

Mon, 16 Apr 2012 17:54:00 +0200

France raised more than €7.9 billion ($10.3 billion) via the sale of short-term bonds on Monday at lower rates than during the previous comparable sale and amid strong demand, the body charged with carrying out the sales said.

French economy flatlining - new figures

Tue, 10 Jan 2012 11:48:00 +0100

The French economy was flat in the last three months of 2011, the Bank of France said Tuesday, confirming an earlier estimate amid concerns the eurozone debt crisis could spark a recession.

Tepid response to French bond auction

Thu, 05 Jan 2012 15:29:00 +0100

France successfully raised €7.96 billion ($10.23 billion) in new long-term bonds on Thursday despite lower demand, but was forced to pay higher interest amid fears over the country's credit rating.

Sarkozy, Merkel and Monti in debt crisis talks

Thu, 24 Nov 2011 11:16:00 +0100

France pressured Germany on Thursday to reconsider its firm refusal to allow the European Central Bank to become the lender of last resort to the eurozone's debt-wracked member states.

French reminded to get rid of their francs

Wed, 23 Nov 2011 10:22:00 +0100

As the euro crisis continues, French people are being warned they only have less than three months to hand in notes from their old currency, the French franc, if they want to be reimbursed.

Is France the next victim?

Mon, 14 Nov 2011 11:26:00 +0100

President Nicolas Sarkozy is not ready to admit it, but France has begun to fear that it will be next in the markets' firing line as the debt crisis spreads from Greece and Italy.

Embattled France unveils budget cuts and tax hikes

Mon, 07 Nov 2011 15:47:00 +0100

France unveiled a €7 billion austerity package and plans to balance its budget by 2016 on Monday as President Nicolas Sarkozy seeks to protect the country's credit rating ahead of a tough election fight.

Euro crisis: France insists on debt deal

Wed, 02 Nov 2011 10:57:29 +0100

Greece plunged the eurozone back into crisis and markets into panic on Tuesday with a shock call for a referendum on a debt rescue package reached only with huge difficulty just last week.