Alexandria's Feed
Nov 17, 2011

French sells 7 billion euros of bonds, yields up

PARIS (Reuters) – France’s cost of borrowing over two and four years jumped by around half a percentage point at an auction on Thursday, reflecting growing concerns it may be dragged into the euro zone’s sovereign debt crisis.

The government sold 6.98 billion euros of medium-term BTAN notes at the auction on Thursday, at the top of its projected range, but borrowing costs rose for three out of four lines compared to previous sales.

Nov 17, 2011

Spanish, French borrowing costs climb, contagion builds

MADRID/PARIS, Nov 17 (Reuters) – Spain and France
struggled with government bond auctions on Thursday, throwing
into sharp relief the threat of larger euro zone economies
succumbing to the debt crisis that began in Greece and is
already lapping at Italy’s shores.

Madrid was forced to pay the highest borrowing costs since
1997 at a sale of 10-year bonds, with yields a steepling 1.5
points above the average paid at similar tenders this year. The
euro fell on the foreign exchanges in response.

Nov 17, 2011

French sells 7 bln of bonds, yields up

PARIS, Nov 17 (Reuters) – France’s cost of borrowing
over two and four years jumped by around half a percentage point
at an auction on Thursday, reflecting growing concerns it may be
dragged into the euro zone’s sovereign debt crisis.

The government sold 6.98 billion euros of medium-term BTAN
notes at the auction on Thursday, at the top of its projected
range, but borrowing costs rose for three out of four lines
compared to previous sales.

Nov 9, 2011

West seeks new Iran sanctions over nuclear report

PARIS/MOSCOW (Reuters) – Western countries called on Wednesday for new sanctions against Iran over a U.N. report that it has worked to design atom bombs, but veto-wielder Russia indicated it would block new measures at the U.N. Security Council.

The report, obtained by Reuters on Tuesday, laid bare a trove of intelligence suggesting Iran is seeking nuclear weapons, including accusations of work on atom bomb triggers and computer-simulated detonations.

Nov 8, 2011

Missionary Impossible – Mitt Romney’s French education

TALENCE, France (Reuters) – To understand why Mitt Romney persists in the face of rejection, opposition and indifference from his own party, look no further than the two and a half years he spent in France, getting up at 6:30 a.m. every day to venture forth and have doors slammed in his face for 10 hours.

The fresh-faced Latter-Day Saints who came to France in the late 1960s to preach the message of Jesus Christ — of whom Republican presidential candidate Romney is the best known — discovered a secular and sceptical populace, and few willing converts.

Nov 8, 2011

Special Report: Mitt Romney’s French education

TALENCE, France (Reuters) – To understand why Mitt Romney persists in the face of rejection, opposition and indifference from his own party, look no further than the two and a half years he spent in France, getting up at 6:30 a.m. every day to venture forth and have doors slammed in his face for 10 hours.

The fresh-faced Latter-Day Saints who came to France in the late 1960s to preach the message of Jesus Christ — of whom Republican presidential candidate Romney is the best known — discovered a secular and skeptical populace, and few willing converts.

Nov 7, 2011

Carlos the Jackal, caged but combative, on trial

PARIS (Reuters) – Urban guerrilla ‘Carlos the Jackal’ smiled and flashed a clenched fist salute on Monday when he went on trial for deadly Paris bomb attacks he is accused of mounting at the height of his “anti-imperialist campaign” in the 1970s and 1980s.

“I am a revolutionary by profession,” Ilich Ramirez Sanchez declared to a special terrorism court of judges, his bluster clearly undiminished by two decades served in French prisons since his 1994 capture in Khartoum by French special forces.

Nov 6, 2011

France to gamble on new budget cuts as growth slows

PARIS (Reuters) – France will announce up to 8 billion euros in cuts and tax hikes on Monday, imposing more pain on voters to shore up its credit rating and hold down its deficit in a make-or-break gamble for President Nicolas Sarkozy six months before an election.

Sarkozy’s center-right government says extra savings are urgently needed to keep France’s finances from going off the rails, since it cut its growth forecast for next year to 1 percent from 1.75 percent last week.

Nov 6, 2011

France to do all it can to meet growth target -Baroin

PARIS, Nov 6 (Reuters) – France will do all it can to reach
its revised target of 1 percent growth for next year, Finance
Minister Francois Baroin said on Sunday, a day before the
government is due to announce up to 8 billion euros in new
budget tightening for 2012.

Last week, France lowered its growth projections for next
year to 1 percent from 1.7 percent — raising the need for
further belt-tightening measures by the centre-right government
of President Nicolas Sarkozy.

Nov 4, 2011

Carlos the Jackal back in court over 1980s bombs

PARIS (Reuters) – Gray hair and a paunch have replaced the beret, leather jacket and dark glasses but Carlos the Jackal’s defiance remains intact before he stands trial in France for a series of bombings in the 1980s.

The international revolutionary from Venezuela, born Ilich Ramirez Sanchez, built a career as one of the world’s best known guerrillas after a hostage-taking of OPEC oil ministers in the name of the Palestinian struggle in 1975.

    • About Alexandria

      "Alexandria covers general news in the busy Paris bureau, focusing on politics, courts, crime and terrorism. When not covering political crises in the French government, criminal investigations, high-profile trials or visits by foreign diplomats, she can be found writing about fashion, culture and style at Paris Fashion Week or the Cannes Film Festival. Before Paris, Alexandria wrote about the business side of the apparel industry and e-commerce in San Francisco and Los Angeles. She has been with Reuters since 2004. Earlier assignments have included the Michael Jackson molestation trial, Louisiana's BP oil spill, marijuana legalization in California and polygamy in ..."
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