Chief Correspondent France
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Apr 15, 2013

Wealth inventory exposes millionaires in French government

PARIS (Reuters) – France’s Socialist government contains eight millionaires, a list of ministers’ personal assets showed on Monday, dealing a blow to the image built by President Francois Hollande of a team enduring frugal salaries and no-frills travel.

The inventory, part of a scramble by Hollande to quieten an outcry over an ex-budget minister’s undeclared Swiss bank account, exposed Foreign Minister Laurent Fabius as having a 6.5 million euro ($8.50 million) fortune, excluding his art collection.

Apr 12, 2013

Ministers’ wealth list to expose France’s “caviar left”

PARIS, April 12 (Reuters) – An inventory of French
ministers’ assets could set off a storm when it goes public on
Monday, exposing a handful of millionaires in the Socialist
government as the nation endures spending cuts and rampant
unemployment.

For the first time in France, President Francois Hollande is
publishing a list of bank deposits and property held by all 38
ministers as he scrambles to stem public fury over his ex-budget
minister’s disclosure he lied about a secret Swiss bank account.

Apr 10, 2013

Rift grows within French government over pace of cuts

PARIS, April 10 (Reuters) – French President Francois
Hollande promised on Wednesday to stick with deficit-reduction
plans, despite stirrings of a revolt within his Socialist
government over cuts that critics say bow too much to German
demands for austerity.

Hollande is seeking more than 60 billion euros of savings to
balance the budget by the end of his mandate in 2017, arguing
that knocking public finances into shape must go hand in hand
with efforts to restore jobs and economic growth.

Apr 8, 2013

France to publish ministers’ assets as scandal deepens

PARIS, April 8 (Reuters) – France’s Socialist government
promised on Monday to publish details of individual ministers’
assets next week as it scrambled to stem a deepening scandal
over a former budget minister’s secret foreign bank account.

Jerome Cahuzac quit his post in March and was placed under
formal investigation for alleged tax fraud last week as he
acknowledged he had been caught “in a spiral of lies” over his
previous denials of holding a Swiss bank account.

Apr 3, 2013

French government clamors to distance itself from disgraced minister

PARIS (Reuters) – The French government on Wednesday fought to limit the damage from a former minister’s admission that he had lied over the existence of a foreign bank account, as critics suggested it had been either naive or complicit.

President Francois Hollande, already battling to convince the world he has France’s finances under control, said he had never protected Jerome Cahuzac, his budget minister until mid-March, and personally ordered him to quit the moment an inquiry was opened into the affair.

Apr 3, 2013

French govt clamours to distance itself from disgraced minister

PARIS, April 3 (Reuters) – The French government on
Wednesday fought to limit the damage from a former minister’s
admission that he had lied over the existence of a foreign bank
account, as critics suggested it had been either naive or
complicit.

President Francois Hollande, already battling to convince
the world he has France’s finances under control, said he had
never protected Jerome Cahuzac, his budget minister until
mid-March, and personally ordered him to quit the moment an
inquiry was opened into the affair.

Mar 29, 2013

Hollande’s rehashed super-tax falls flat, angers French business

PARIS (Reuters) – France’s Socialist president may save face with some supporters by resurrecting a 75 percent super-tax on million-euro salaries, but his plan to shift the levy from individuals to companies only alienated business leaders on Friday and impressed few even on the left.

Francois Hollande announced a re-draft late on Thursday of his plan for a 75 percent tax on income over 1 million euros – an election pledge that was crushed by the Constitutional Council – so that it hits companies rather than individuals.

Mar 28, 2013

France’s Hollande hits companies with 75 percent wealth tax

PARIS (Reuters) – French President Francois Hollande declared on Thursday that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a “super-tax” on individuals was knocked down by the constitutional court.

Hollande, battling to win back support as his economic goals fall away within a year of his election, said shifting the millionaires’ tax onto companies would be a way of getting the wealthiest French to contribute to ending the crisis.

Mar 28, 2013

Beleaguered Hollande to reach out to nation on TV

PARIS, March 28 (Reuters) – With his approval ratings and
most of his economic pledges in tatters, French President
Francois Hollande will try to convince a disillusioned nation on
television on Thursday to keep faith in him to restore the
economy to health.

Hollande will be grilled in a 45-minute interview on France
2 television, his first such appearance in several months, in a
studio whose backdrop and lighting have been prepared by his
media team to create a sombre mood.

Mar 28, 2013

Hollande to fight for his political life in TV interview

PARIS (Reuters) – With approval ratings and most of his economic pledges in tatters, French President Francois Hollande will try to convince a disillusioned nation on primetime TV on Thursday to keep faith in him to restore the economy to health.

Hollande will be grilled in a 45-minute interview on France 2 television, his first such appearance in several months, in a studio whose backdrop and lighting have been carefully prepared by his media team to create a somber mood.

    • 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
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