Daniel's Feed
Jan 24, 2012

France seeks support for financial transaction tax

BRUSSELS, Jan 24 (Reuters) – France outlined on
Tuesday a blueprint of its own tax on financial transactions to
other EU countries, in a fresh attempt to win backing for such a
scheme across the European Union.

President Nicolas Sarkozy is hoping the tax will be
introduced in France before the end of the year, meaning that
parliament would have to approve it before breaking in February
ahead of presidential elections.

Jan 23, 2012

Germany, France press for rapid Greek debt deal

PARIS/BERLIN, Jan 23 (Reuters) – Germany and France
pressed on Monday for a rapid deal between Greece and its
private creditors that cuts its soaring debt to sustainable
levels and said they were committed to a sealing a new bailout
for Athens by March to avert a disastrous default.

Euro zone finance ministers met in Brussels to discuss the
terms of a Greek debt restructuring and new treaties that will
pave the way for tighter fiscal discipline and a new rescue fund
the bloc wants in place by mid-year.

Jan 23, 2012

Germany, France press for Greek debt deal

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.

Jan 23, 2012

France, Germany say Greek debt deal taking shape

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.

Jan 20, 2012

Time running out for Iran diplomacy: Sarkozy

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.

Jan 6, 2012

Sarkozy, Merkel urge unity over euro crisis

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
trigger instability.

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.

Jan 5, 2012

French debt sale solid but euro stress remains

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.

Jan 5, 2012

French costs rise but demand solid at debt sale

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
powerhouse Germany.

Jan 5, 2012

Solid demand for French 10-year bonds seen at auction

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.

Dec 23, 2011

France, UK issue clashing advice on breast implants

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.