PARIS/MARSEILLE (Reuters) – President Francois Hollande’s Socialists fear heavy mid-term losses that could jeopardize reforms and the far-right National Front is seen making major gains when voters elect mayors in towns and villages across France from Sunday.
Mayors loom large in French social and political life and the two-round elections are often decided on personality or local issues.
PARIS (Reuters) – “‘Affaires’? They’re picking up again,” joked President Francois Hollande to reporters last week in a pun on the French word for both business activities and political scandals.
Well might he smile. For the legacy of a turbulent past few weeks of intrigue may be to harm any hopes ex-president Nicolas Sarkozy has of avenging his 2012 defeat by Hollande in the next presidential election.
PARIS (Reuters) – France’s justice minister on Wednesday defied calls for her to quit after it emerged that she knew former President Nicolas Sarkozy’s phone was being tapped, apparently contradicting an earlier statement from her.
Sarkozy’s opposition conservatives accuse the government of using the surveillance, ordered as part of a party funding inquiry, to discredit them before this month’s local elections in which President Francois Hollande’s Socialists risk losing ground.
PARIS (Reuters) – France’s opposition conservatives called on Wednesday for Francois Hollande’s justice minister to quit after it emerged the government knew that ex-president Nicolas Sarkozy’s phone was being tapped, contrary to her earlier statement.
Sarkozy’s conservatives have accused Hollande’s government of using the surveillance, launched by investigators as part of a party funding inquiry, to discredit them ahead local elections later this month where ruling Socialists risk losing ground.
PARIS (Reuters) – Angela Merkel dreams of a European communications network and Francois Hollande of an “energy Airbus” but talks between the German and French leaders on Wednesday will be far more modest in scope, officials said.
The meeting in Paris includes their entire cabinets and is the most broad-ranging yet between the two EU partners since the conservative Merkel’s re-election last year in charge of a “grand coalition” with German centre-left Social Democrats.
PARIS (Reuters) – European Commission moves to ban top EU banks from market bets with their own money will run out of momentum once this year’s health check on the sector shows it is in sound shape, the head of France’s Societe Generale (SOGN.PA: Quote, Profile, Research, Stock Buzz) said.
Such an outcome would be a victory for the French view that Europe’s banks have drawn lessons from the financial crisis and should now be given the regulatory room needed to compete with foreign rivals, notably from the United States.
PARIS (Reuters) – French President Francois Hollande has won cautious backing from Berlin, Brussels and financial markets for a centrist reform push that could be his last chance to get the euro zone’s second largest economy motoring.
A week after his January 14 announcement, it is not clear how and when he will pull off the public spending and tax cuts at the heart of the plan. It is also uncertain whether French business will play ball with his goal of cutting unemployment.
PARIS, Jan 15 (Reuters) – French business raised doubts on
Wednesday over Socialist President Francois Hollande’s plan for
public spending cuts and structural reform to revive the euro
zone’s second largest economy.
His allies hailed a new “social democrat” vision for France
but unions said they were worried about job cuts to the army of
state sector workers and far-left politicians accused him of a
sell-out as he moved towards the political centre.
PARIS (Reuters) – Francois Hollande’s allies dismissed on Wednesday suggestions the Socialist French president had lurched right with plans to cut public spending and the taxes on business, hailing what they called a new “social democrat” vision.
Hollande brushed aside questions about his personal life at a marathon news conference on Tuesday in which he set out plans to find at least 50 billion euros of spending cuts between 2015-2017 and reduce corporate charges by 30 billion euros.
PARIS (Reuters) – President Francois Hollande brushed aside questions on Tuesday about an alleged affair with an actress as he announced reforms to ease the tax burden on business, reduce labour costs and cut public spending to revive France’s stagnant economy.
He also called for France and Germany to harmonise corporate taxation and create a joint venture to help manage the transition to renewable energy, modelled on successful European planemaker Airbus.