PARIS, Sept 10 (Reuters) – French industrial output
unexpectedly fell in July as oil and coke refining and car
production shrank, confounding forecasts for the euro zone’s
second-biggest economy to make a solid start to the third
The data suggests the economy is still fragile after pulling
out of recession in the second quarter, adding to the challenge
facing President Francois Hollande’s government as it puts the
final touches to a 2014 budget that must cut debt without
killing nascent economic recovery.
PARIS (Reuters) – Tens of thousands of public sector workers marched through Paris and other cities on Thursday to demand better pay in the first street challenge to President Francois Hollande’s deficit cuts since he was elected last May.
Under pressure to curb spending and reduce a debt swollen by the economic downturn, Hollande’s Socialist government has refused to lift a public sector pay freeze imposed by his conservative predecessor, Nicolas Sarkozy, in 2010.
LONDON/PARIS (Reuters) – London’s Heathrow Airport canceled a fifth of flights on Sunday and airlines scrapped 40 percent of flights to Paris’s main airports as snow blanketed parts of Europe, with more forecast.
Air France predicted more cancellations on a similar scale for Monday.
Heathrow Ltd, owned by Spain’s Ferrovial, said the reduced schedule – amounting to around 250 fewer flights – would help it cope with the snowfall without making further cancellations.
PARIS (Reuters) – Syrian opposition leaders will meet in Paris this month, French Foreign Minister Laurent Fabius said on Sunday, decrying an “abominable” situation in which he said 100 people a day were being killed in an uprising against President Bashar al-Assad.
“The situation is horrific and Bashar must go as fast as possible,” Fabius said.
PARIS (Reuters) – France’s Socialist government will overhaul the nation’s pension system again because former president Nicolas Sarkozy failed to ensure its long-term viability, Labour Minister Michel Sapin told Reuters on Friday.
A government-endorsed panel of experts estimates the system that relies on people in work paying taxes to fund those in retirement will run up a deficit of 20 billion euros ($27 billion) by the end of the decade – despite a reform by Sarkozy that sparked large and widespread street protests in 2010.
PARIS/BRUSSELS, Dec 21 (Reuters) – A tax exile row between
millionaire “Asterix” star Gerard Depardieu and the Socialist
government of President Francois Hollande hides a much older
problem with French taxes.
To be sure, Hollande’s headline-grabbing 75 percent income
tax band may well be prompting well-off French to consider lives
as exiles in Belgium, Luxembourg, Switzerland or Britain.
PARIS/DOUAI, France (Reuters) – A French court on Wednesday rejected a request by former IMF chief Dominique Strauss-Kahn to drop a sex offence inquiry in which he risks standing trial on pimping charges, his lawyers said.
The ruling was given just over a week after Strauss-Kahn settled a separate civil case in New York with a hotel maid who accused him of attempted rape in May 2011, ending his French presidential hopes and career at the International Monetary Fund.
PARIS (Reuters) – Actor Gerard Depardieu’s decision to establish residency in Belgium, which does not have a wealth tax, by buying a house just over the border with France, is “pathetic” and unpatriotic, French Prime Minister Jean-Marc Ayrault said on Wednesday.
Depardieu has become the latest wealthy Frenchman after luxury magnate Bernard Arnault to look for shelter outside his native country following tax hikes by Socialist President Francois Hollande.
PARIS, Dec 10 (Reuters) – France’s central bank said on
Monday it expected the euro zone’s second-largest economy to
contract in the fourth quarter of 2012, a state underlined by
data showing tumbling car sales.
The Bank of France repeated a prediction that gross domestic
product will drop 0.1 percent in the three month to the end of
the year, compared with the third quarter.
PARIS, Nov 30 (Reuters) – The French government backed away
on Friday from a threat to nationalise a steelworks, saying it
secured promises from the owner, ArcelorMittal, to
invest and avoid any forced layoffs at the site where the
company has idled two blast furnaces.
Workers at the plant said the announcement fell well short
of what they had hoped from a government that won power in May
on promises to combat industrial decline and mass job losses in
Europe’s second-largest economy.