BERLIN (Reuters) – France’s economic woes are the result of poor policy choices at home and Paris should stop blaming its problems on the strength of the euro, Jean-Claude Juncker, the center-right candidate for European Commission president, told Reuters.
The former prime minister of Luxembourg and long-time head of the Eurogroup forum of euro zone finance ministers spoke days after French Prime Minister Manuel Valls described the strong euro as a threat to growth and jobs.
#German exports post biggest fall in 10 months in March, trade looks like major drag on Q1
BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz) unveiled a long-awaited restructuring on Wednesday in a bid to catch up with more profitable rivals and said it would not be forced into making an offer for the energy assets of French rival Alstom.
The Munich-based firm’s Chief Executive Joe Kaeser has been working on the new strategy since taking power last summer following a boardroom coup that pushed out his predecessor Peter Loescher after a series of profit warnings.