Chief Correspondent France
Catherine's Feed
Jun 19, 2012

France pushes euro bills as Berlin blocks bonds

PARIS (Reuters) – A month after making his European debut with a drive to mutualise the euro zone’s debts via joint bonds, French President Francois Hollande would settle for a pilot scheme of short-term “euro T-bills” for the time being, aides say.

But there is no evidence that the new Socialist French leader’s thinking is gaining any traction with German Chancellor Angela Merkel, despite support from the executive European Commission, Italy and Spain.

Jun 18, 2012

French Socialists win absolute parliament majority

PARIS (Reuters) – French President Francois Hollande’s Socialists won a resounding parliamentary majority on Sunday, strengthening his hand as he presses euro zone paymaster Germany to support debt-laden states weighed down by austerity cuts and ailing banks.

The Socialist Party and its affiliates secured 307 seats in the parliamentary election runoff, according to the final count for mainland France, comfortably more than the 289 needed for a majority in the 577-seat National Assembly.

Jun 17, 2012

Socialists seek majority in French vote

PARIS (Reuters) – France began voting in a parliamentary run-off on Sunday expected to hand President Francois Hollande’s Socialist party a majority and bolster his position in legislative battles over euro zone crisis policy.

A clear majority reliant neither on opposition conservatives nor eurosceptic hard leftists, as opinion polls suggest, would be a boon as Hollande prepares legislation to raise taxes, adjust budget spending and ratify an EU fiscal discipline pact.

Jun 16, 2012

Hollande set for win in French parliament run-off

PARIS, June 17 (Reuters) – President Francois Hollande is on
track to win a Socialist bloc majority in France’s parliamentary
election run-off on Sunday that would bolster his position in
looming legislative battles over euro zone crisis policy.

A clear majority reliant neither on opposition conservatives
nor eurosceptic hard leftists, as opinion polls point to, would
be a boon as Hollande prepares legislation to raise taxes,
adjust budget spending and ratify an EU fiscal discipline pact.

Jun 14, 2012

France’s Hollande plays euro poker with Merkel

PARIS (Reuters) – Determined to show voters he is not Angela Merkel’s doormat and convinced he is well positioned to get his way, French President Francois Hollande is discarding diplomatic codes as he resets relations with a politically weakened German government.

The Socialist is taking his own stand on solutions to the euro zone crisis where for years Paris stood alongside Berlin. He is building alliances with leaders in Rome and Madrid who back his challenge to German-imposed austerity.

Jun 13, 2012

France backs stronger ECB role in bank surveillance

PARIS (Reuters) – France wants the European Central Bank to have a stronger role in overseeing banks in the single currency bloc as part of a package of urgent reforms to increase financial stability in Europe, sources said on Wednesday.

Joint supervision of banks is one of the key issues to be discussed at a European Union leaders summit in late June that will focus on deepening financial and fiscal integration to bring the raging euro zone crisis under control.

Jun 12, 2012

France wants crisis measures before fiscal union

PARIS (Reuters) – France said on Tuesday that it would support taking steps towards budgetary integration in Europe, as Berlin wants, but the first priority must be to agree urgent measures to solve the euro zone’s debt crisis.

Following talks in Paris with his German counterpart Michael Link, France’s European Affairs Minister Bernard Cazeneuve said the issues could be worked on in parallel but a fiscal union could not be built until the current crisis has been brought under control.

Jun 11, 2012

Hollande win may improve Franco-German cooperation

PARIS, June 11 (Reuters) – French President Francois
Hollande’s first-round parliamentary election victory has put
him on course for a solid majority which could make it easier
for him to cut deals with Germany to tackle the euro zone
crisis.

If projections based on Sunday’s vote are borne out in the
June 17 runoff, the left would not only control the presidency
and the parliament for the first time in 20 years, but also be
free of any need to depend on the more eurosceptic hard left.

Jun 10, 2012

France’s Hollande in strong parliament position

PARIS, June 11 (Reuters) – French President Francois
Hollande is on track to win a solid parliamentary majority after
a first-round election that leaves him strengthened heading into
a flurry of talks with euro zone leaders that could make or
break the currency union.

Sunday’s vote left Hollande’s Socialist Party bloc likely to
win the 289 seats it needs for an outright majority in the
577-seat National Assembly, and almost certain to do so with its
Greens Party allies on board, polling institutes said.

Jun 10, 2012

French left seen winning parliament control

PARIS, June 10 (Reuters) – French President Francois
Hollande was on track for a Socialist-led majority in parliament
after a solid win in a first-round vote on Sunday that should
free him from having to rely on hard leftists hostile to
European integration.

Hollande’s Socialist bloc looks likely to win the 289 seats
needed for an outright majority in the 577-seat National
Assembly in next Sunday’s run-off, and almost certain to do so
with its Greens Party allies, polling institutes said.

    • About Catherine

      "Catherine is chief correspondent for Reuters France, in charge of political and macroeconomic news, with a focus for 2011 on the G20 presidency, euro zone debt crisis and 2012 election campaign. She has reported from 16 countries for Reuters -- most recently in Latin America as a senior correspondent in Mexico City -- on stories ranging from the Haiti earthquake to the Beijing Olympic Games."
      Languages:
      English, French, Spanish
    • Follow Catherine