PARIS/BERLIN (Reuters) – Germany and France pressed on Monday for a rapid deal between Greece and its private creditors that returns its soaring debt to sustainable levels and said they remained committed to a new bailout that is needed by March to avert a disastrous default.
Euro zone finance ministers are due to decide later on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second rescue for Athens.
PARIS, Jan 23 (Reuters) – France and Germany said on
Monday that a deal with private sector investors to reduce
Greece’s debt burden was “taking shape” but Athens needed to
stick to its reform promises to secure a new EU/IMF programme
needed to avoid default by March.
Private creditors said on Sunday they had come to the limits
of the losses they could concede in a Greek debt swap, putting
the ball in the court of the EU and the IMF.
PARIS (Reuters) – French President Nicolas Sarkozy said on Friday that time was running out to avoid a military intervention in Iran and he appealed to China and Russia to support new sanctions to force Tehran to negotiate over its uranium enrichment program.
France has led international efforts for tougher measures to increase pressure on Iran to halt its nuclear program since talks between Tehran and six world powers — the United States, Russia, China, Britain, France and Germany — stalled.
PARIS, Jan 6 (Reuters) – Italian Prime Minister Mario
Monti warned the European Union on Friday not to let divisions
over managing its debt crisis blow up into serious splits, and
President Nicolas Sarkozy warned that a euro collapse could
Sarkozy, who met Monti in Paris ahead of his talks in Berlin
on Monday with German Chancellor Angela Merkel, said Rome and
Paris shared a “perfectly identical view” on Europe’s future and
on how the crisis of confidence in the bloc should be resolved.
PARIS (Reuters) – France drew solid demand at its first debt auction of 2012 with yields rising only slightly despite fears for its AAA rating, but that was not enough to prevent most European debt markets weakening as investors fretted about the euro zone’s periphery.
Debt sales next week by more fragile euro zone economies Italy and Spain may provide a stronger test of investor appetite for the battered region.
PARIS, Jan 5 (Reuters) – French borrowing costs rose
slightly when the euro zone’s second-largest economy sold debt
for the first time this year on Thursday but demand was solid
despite concerns the country could lose its AAA credit rating.
With a heavy schedule of debt redemptions in the first
quarter, market fears about euro states’ ability to fund their
debts remains high. France, which has a slowing economy and a
presidential election looming in April, is seen by many to be at
greater risk from ebbing investor confidence than regional
PARIS (Reuters) – France was expected to draw solid demand for its 10-year bonds at an auction on Thursday, despite the lingering threat of a downgrade to its AAA credit rating, as yields offer an attractive premium to benchmark German bunds.
The country kicks off its 2012 long-term debt issuance program with a regular-sized auction of 7 to 8 billion euros of 10- to 30-year OAT bonds, a day after Germany saw demand pick up at its first auction of the year on Wednesday.
PARIS (Reuters) – France and Britain issued conflicting advice on Friday to tens of thousands of women caught up in a scandal over French-produced breast implants that were made with cheap industrial silicone and exported around the world.
The French government urged 30,000 women in France to seek removal of the implants, made by now-defunct company Poly Implant Prothese (PIP), because of the danger they could rupture and cause inflammation and irritation. There was no evidence of any increased cancer risk, it said.
PARIS (Reuters) – The French government urged 30,000 women in France on Friday to seek removal of defective breast implants that a now-defunct company exported worldwide but it said there was no evidence that the product raised the risk of cancer.
The government said public healthcare funds would be used to finance the removals, which were recommended because of the risk of ruptures that could cause inflammation and irritation, at a cost which health officials estimated at 60 million euros.
LONDON/PARIS (Reuters) – Fears over the safety of silicone breast implants made by a now defunct French firm spread to Australia, South America and across Europe on Thursday as French officials prepared to decide if thousands of women should have their implants surgically removed.
The silicone gel implants, made by a company called Poly Implant Prosthese (PIP) which was shut down in 2010, appear to have an unusually high rupture rate and have sparked an investigation in France into possible links to cancer.