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.
PARIS (Reuters) – France’s far-right National Front party celebrated a fourfold increase in requests for membership on Thursday as a feud convulsed its main right-wing rival the UMP.
UMP leadership contenders accuse one another of fraud in an internal election and the party now risks a permanent split just months after it lost power, a potential gift for Socialist President Francois Hollande.
PARIS (Reuters) – Ex-president Nicolas Sarkozy sought on Tuesday to broker a truce between the two men locked in a leadership dispute that could break up France’s right-wing opposition party just months after it lost power.
Nine days after a disputed internal leadership election that plunged his UMP party into crisis, the two politicians fighting to become leader agreed to hold a new election, but only if the re-run was endorsed first in a referendum among UMP members.
PARIS (Reuters) – Former IMF chief Dominique Strauss-Kahn finds out on Wednesday whether the last sex offence case against him in France will be dropped, 18 months after rape accusations ended his presidential ambitions.
The 63-year-old has asked a court in northern France to halt a judicial inquiry to determine whether he should stand trial on pimping charges related to sex parties attended by him and by prostitutes.
PARIS (Reuters) – A judge investigating Nicolas Sarkozy’s campaign funding mistook a Colombian hostage for a billionaire backer of France’s right-wing party when he queried a meeting in the ex-president’s diary, a lawyer for Sarkozy said.
Sarkozy, who lost power in May, was questioned for 12 hours on Thursday by a judge who is trying to establish whether his election win in 2007 was aided by illegal funding from France’s richest woman, 90-year-old Liliane Bettencourt.
PARIS (Reuters) – France’s central bank said it expected the euro zone’s second-largest economy to slip into recession as 2012 ends – a scenario that could make it harder for the government to hit next year’s debt-reduction targets.
The Bank of France, which had already predicted gross domestic product would shrink 0.1 percent in the third quarter, said on Friday it was now expecting a similar 0.1 percent decline in the last three months of 2012 as well.
TOULOUSE, France, Oct 26 (Reuters) – Growing opposition
within France’s ruling Socialist Party to Europe’s hard line on
budget austerity risks undermining President Francois Hollande’s
efforts to convince markets he is serious about meeting deficit
A rising chorus of critics in the party, meeting in the
southern city of Toulouse on Friday for its annual congress,
wants Hollande to take a tougher stand on pro-growth policies in
Europe to counter a German-led austerity drive.
PARIS, Oct 24 (Reuters) – Dominique Strauss-Kahn, the former
IMF chief whose French presidential ambitions were shattered by
a sex scandal last year, is making a comeback in business and at
The 63-year-old Strauss-Kahn was accused of trying to rape a
New York hotel maid in May 2011. He protested his innocence and
criminal charges against him were dropped, though civil
proceedings by the woman are still pending.
PARIS (Reuters) – French police have foiled a plot to build a bomb similar to the one planted by an Algerian Islamist group that killed eight people on a Paris subway train in 1995, a public prosecutor said on Thursday.
Police rounded up 12 people in raids on Saturday and another suspect was shot dead after he fired at police with a revolver.