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Mar 31, 2012

German bid to save transactions tax gets cool response

BRUSSELS (Reuters) – German attempts to win backing for a watered-down tax on financial transactions in Europe received a lukewarm response on Saturday, in the face of opposition from some governments, putting a full-scale levy off the agenda for now.

Berlin has struggled to rally support for a tax on buying and selling shares, bonds and derivatives. At a meeting of EU finance ministers, it made a last-ditch attempt to salvage its prospects, offered to initially limit the tax to equities.

Mar 31, 2012

German bid to save transactions tax gets cool response

BRUSSELS, March 31 (Reuters) – German attempts to win
backing for a watered-down tax on financial transactions in
Europe received a lukewarm response on Saturday, in the face of
opposition from some governments, putting a full-scale levy off
the agenda for now.

Berlin has struggled to rally support for a tax on buying
and selling shares, bonds and derivatives. At a meeting of EU
finance ministers, it made a last-ditch attempt to salvage its
prospects, offered to initially limit the tax to equities.

Mar 30, 2012

Exclusive: Germany makes last-ditch attempt to save transaction tax

COPENHAGEN (Reuters) – Germany made a last ditch attempt on Friday to salvage the prospect of a financial transaction tax in Europe by proposing to apply the charge initially only to trading in company stock, but still faced resistance to its plans.

A document circulated at a meeting of EU ministers and obtained by Reuters describes a two-stage approach of advancing towards a “comprehensive financial transaction tax”, with the first step being a scaled-down levy.

Mar 29, 2012

French vote may change economic team, not course

PARIS (Reuters) – The man who could become France’s first Socialist president in nearly two decades may have turned his campaign rhetoric against bankers and the rich, but in office his policies would be guided by advisers steeped in commerce and public service.

Francois Hollande met some of his most trusted counsellors more than 30 years ago at the Ecole Nationale d’Administration (ENA), the civil service college that turns out industry leaders and top public officials.

Mar 28, 2012

Analysis: French vote may change economic team, not course

PARIS (Reuters) – The man who could become France’s first Socialist president in nearly two decades may have turned his campaign rhetoric against bankers and the rich, but in office his policies would be guided by advisers steeped in commerce and public service.

Francois Hollande met some of his most trusted counselors more than 30 years ago at the Ecole Nationale d’Administration (ENA), the civil service college that turns out industry leaders and top public officials.

Mar 26, 2012

Sarkozy to bar some imams from entering France

PARIS (Reuters) – President Nicolas Sarkozy said on Monday he would bar some Muslim preachers from entering France to participate in an Islamic conference next month as part of a crackdown after shootings by an al Qaeda-inspired gunman.

Sarkozy, who is campaigning for re-election, has also announced plans to punish people viewing Islamist websites and going abroad for indoctrination since the killings.

Mar 26, 2012

French jobless total hits highest since Oct 1999

PARIS, March 26 (Reuters) – The number of jobless people in
France rose for a 10th consecutive month in February to reach
its highest level since October 1999, casting a pall over
President Nicolas Sarkozy’s re-election prospects.

Figures released on Monday by the Labour Ministry showed
that the number of registered job seekers in mainland France
rose by 6,200 in February to 2.868 million, up 0.2 percent month
on month and 6.2 percent on the year.

Mar 26, 2012

Sarkozy to bar radical imams from entering France

PARIS (Reuters) – France will bar radical Muslim preachers from entering the country to participate in an Islamic conference next month as part of a crackdown after shootings by an al Qaeda-inspired gunman, President Nicolas Sarkozy said on Monday.

Sarkozy, who has announced plans to punish those viewing Islamist Web sites and going abroad for indoctrination, said he would block the entry of some imams invited to a congress organized by the Union of French Islamic Organizations (UOIF).

Mar 22, 2012

French intelligence queried over al Qaeda shooter

PARIS (Reuters) – France questioned on Thursday whether its intelligence service had blundered by allowing a young Muslim with a violent criminal record, spotted twice in Afghanistan, to become the first al Qaeda-inspired killer to strike on its soil.

Hardened by battling Islamic militants from its former North African colony of Algeria, France’s security services have long been regarded as among the most effective in Europe, having prevented terror attacks on French soil for the last 15 years.

Mar 21, 2012

French police launch assault on besieged gunman

TOULOUSE, France, March 21 (Reuters) – French police
launched an assault late on Wednesday on an apartment where a
gunman suspected of killing seven people in the name of al Qaeda
was holed up, officials said.

Three loud blasts were heard at the site in the southwest
city of Toulouse just before midnight, which blew open the door
of the apartment where the gunman had been holed up since 3 a.m.
(0200 GMT), a police source said.