Tag Archive - european union
September 7, 2010
France's unemployment rate fell in the second quarter of 2010, data today showed, offering encouragement to the government as it faces widespread discontent over planned budget cuts and pension reforms. National statistics office INSEE said the quarterly jobless rate in all of France, including overseas territories, declined to 9.7 per cent ...
August 20, 2010
French President Nicolas Sarkozy has ordered his top ministers to cut short their summer vacations for a Friday meeting on the economy as he gears up for a tough battle to cut the deficit and reform the pension system. The Elysee Palace confirmed Sarkozy would meet with Prime Minister Francois Fillon, ...
July 23, 2010
The number of people required to pay wealth tax in France has grown by about 4% this year, despite the economic crisis. Provisional figures from the budget ministry show 562,000 people made a wealth tax declaration by the beginning of July, up from 539,000 at the same point last year. ...
July 21, 2010
Britain, France and Germany are urging European Union nations to agree to a 30 percent cut in carbon emissions by 2020 in an effort to combat climate change. Britain's climate secretary, along with the environment ministers of France and Germany wrote in a joint letter published Thursday that the EU must ...
July 7, 2010
France hasn't made a choice between austerity and stimulus, Finance Minister Christine Lagarde said Sunday, describing the French economic policy as a mix of spending cuts and measures aimed at boosting demand. The robustness of the recovery and the ability of banks to survive a second downturn was a recurring ...
July 1, 2010
French President Nicolas Sarkozy confirmed plans on Monday to slash spending on ministerial travel and perks as part of a drive to reduce government operating costs by 10 percent over the next three years. Like much of Europe, France is trying to squeeze spending to reduce its swollen public deficit from ...
June 29, 2010
Under pressure from anxious lenders, the French government took steps on Wednesday to help reassure markets about its creditworthiness, announcing that it would raise the retirement age and increase income taxes on the rich to help rein in its budget deficit. And the Spanish government, also facing concerned investors, proposed loosening ...
June 16, 2010
The German and French leaders are pushing for a raft of measures to increase stability in financial markets and ensure that Europe remains a strong player in the global economic market, including tough sanctions on European countries that run high deficits. Speaking to reporters after meeting to lay the groundwork for ...
June 14, 2010
President Nicolas Sarkozy is struggling to convince investors he can cut France’s budget gap amid concern about the spread of Europe’s debt crisis, even as the government’s deficit narrowed for a third month in April. The central government deficit fell 22 percent to 56.2 billion euros ($66.9 billion) from 71.6 billion ...
June 11, 2010
German Chancellor Angela Merkel and French President Nicolas Sarkozy are proposing a Europe-wide prohibition of the controversial practice of "naked" short selling as a way to calm the markets, according to a joint letter addressed to the head of the European Commission. "The severe turbulence observed on financial markets over recent ...
