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AFP - France and Italy presented a united front Wednesday on the eurozone debt crisis amid deepening divisions over belt-tightening policies in the European Union as some countries reach breaking point. French President Francois Hollande met Italy’s brand new Prime Minister Enrico Letta, in Paris only days after he took office, and warned that austerity alone was “no longer enough”, stressing the need for a focus on growth. “If one doesn’t notice that [...] “Clashes broke out between protesters and riot police near France’s lower house of parliament late on Tuesday just hours after the country legalized gay marriage, with opponents of the law hurling projectiles at police, who responded with tear gas,” France 24 reports. From Paris, NPR correspondent Eleanor Beardsley tells our Newscast Desk that French President Francois Hollande has called for calm. He’s again made the case that the new law, which gives same-sex couples [...] TRIPOLI: A car bomb hit France’s embassy in Libya on Tuesday, wounding two French guards and causing extensive damage in the first attack on a foreign mission since militants stormed the US consulate in Benghazi in September. Libyan foreign minister Mohammed Abdel Aziz branded the bombing a “terrorist act”, and French President Francois Hollande said Tripoli must act quickly to find the perpetrators and bring them to justice. The attack comes as Libya [...] The Chosun Ilbo French President Francois Hollande has promised sweeping new anti-corruption measures, a day after his former budget minister admitted having had a secret foreign bank account containing hundreds of thousands of euros. In a taped television address Wednesday, Hollande said he would introduce legislation requiring government ministers and members of parliament to declare and publish details of their personal wealth, and would take steps to strengthen the independence [...] by Phoenix Capital Research
Add the total and complete hypocrisy of France to the list of reasons to avoid putting a cent in the EU. We already know about Spain where Prime Minister Mariano Rajoy was “allegedly” receiving bribes from property developers throughout the housing bubble… while THREE different treasurers have been accused of everything from money laundering to fraud. Rajoy’s defense to the allegations? “I repeat what I said Saturday: everything that [...] Farage Slams Eurozone As “Complete Economic Disaster” Farage barks that it “is absolutely clear that Eurozone membership is completely incompatible with nation-state democracy.” The complete denial (and “unutterable drivel”) about the Eurozone crisis incenses him as he says “you’d think listening to everyone this morning that it’s over.” The real problem, he explains, is that they won’t face up to the reality that “You are not facing up to the consequences for [...] from FT: Brussels should request from Paris a serious plan for public spending cuts. The French 2013 budget adjustment was mostly based on tax increases. The government has announced that further consolidations would come from public spending cuts. This is however a rather weak commitment because President François Hollande has not spelt out precise priorities, let alone targets. It is not enough to say that some government spending will be cut. [...] by Phoenix Capital Research
In 2008, as the financial crisis picked up steam, one by one the big bank Wall Street CEOs came forward to assure everyone that “everything is fine” and that their banks were “well capitalized.”
Anyone who did a bit of actual research knew this was not the case. But a large component of corporate (and political) leadership is to maintain confidence and calm no matter how bad things [...] French Troops Intervene in Mali Crisis PARIS, January 12 (RIA Novosti) – French Foreign Minister Laurent Fabius has confirmed that a French military contingent arrived in Mali to help the government troops stop the advance of Islamist militants to the country’s south. “The advance of the terrorists must be stopped, otherwise all of Mali will fall into their hands, presenting a threat to all of Africa and Europe,” Fabius said in a [...] France begins Mali military intervention President Hollande confirms French forces are supporting Bamako’s counter-offensive against al-Qaeda-linked fighters. President Francois Hollande has said France is intervening to stop al-Qaeda-linked fighters in Mali who have been moving toward the capital, Bamako. The announcement by the leader of France, the former colonial overseer in West Africa, came on Friday after Mali’s interim president Dioncounda Traore appealed for French help in stopping the rebels’ advance. “I have agreed to Mali’s [...] dollarvigilante.com The fourth-richest man in the world, worth $41 billion according to Forbes, is not all that savvy when it comes to picking the right nations in which to store wealth. France’s richest man, Bernard Arnault, would have done himself some good by subscribing to The Dollar Vigilante before embarking upon his current fiasco or, for that matter, reading any of the freedom press available on the Internet. In recent weeks, a report from the [...] MOSCOW (AP) — Gerard Depardieu, the French actor who has waged a battle against a proposed super-tax on millionaires in his native country, has been granted Russian citizenship. A brief announcement on the Kremlin website revealed that President Vladimir Putin signed the citizenship grant on Thursday. The former Oscar nominee and star of the movie “Green Card” has been vocal in his opposition to French President Francois Hollande’s plans to raise the [...] Paris may go dark in the early hours of the morning if new plans go ahead
Paris may lose its trademark glow next year after plans emerged to extinguish its street lighting at night to save money. French President Francois Hollande and his energy minister Delphine Batho are considering turning out the lights in and outside public buildings, offices and shops in [...] Mr Depardieu seen out cheese shopping and talking to locals in Paris Later seen boarding flight to Rome with small weekend bag France to tax 75 per cent of earnings over €1million from January 2013
He may have renounced his French citizenship but these pictures prove that Gerard Depardieu is not quite ready to give up on the country’s delicacies. Spotted shopping in a Paris cheese [...] AFP - France should allow doctors to “accelerate the coming of death” for terminally ill patients, a report to President Francois Hollande recommended Tuesday. Hollande referred the report to a national council on medical ethics which will examine the precise circumstances under which such steps could be authorised with a view to producing draft legislation by June 2013. “The existing legislation does not meet the legitimate concerns expressed by people who are gravely [...]  Thanks to passage of Proposition 30 last month, high-income Californians would pay the nation’s highest marginal income tax rates – nearly 52 percent — if President Barack Obama and Congress fail to make a deal to avoid the so-called “fiscal cliff,” according to a new study. Without a fiscal cliff deal to the contrary, the Bush era tax cuts on high-income taxpayers would expire next year and rates would return to their previous [...] France is the first of the European countries to fully recognize the Syrian opposition coalition as the “sole legitimate representative” of the Syrian people. Meanwhile the US calls it “a legitimate representative” but is yet to fully recognize it. “I announce today that France recognizes the Syrian national coalition as the sole legitimate representative of the Syrian people and as future government of a democratic Syria allowing to bring an end [...] President Francois Hollande will raise France’s main sales tax rates to finance a cut in payroll charges, throwing support behind businesses for the first time in a bid to counter a record trade deficit and revive growth. By lifting the two highest value-added tax rates in 2014, Hollande is revisiting a policy he campaigned against in his successful bid to unseat predecessor Nicolas Sarkozy earlier this year. Hollande is setting out his [...] Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Prime Minister Jean-Marc Ayrault made it official: the government would requisition vacant buildings regardless of who owned them, including office buildings. It would then convert them to apartments and make them available to the homeless and the “badly housed.” As a first step, he asked for “an inventory of available buildings.” That list should be on his desk in “a few weeks,” he said. He was in a rush to identify [...] AFP - Google’s executive chairman Eric Schmidt will meet with French President Francois Hollande on Monday as the Internet giant wrangles with Paris over a bill that would force search engines to pay for content, a government source said. Schmidt’s meeting with the president will be preceded by one with Communication and Culture Minister Aurelie Filippetti, the source said on condition of anonymity. Google has warned that it would exclude French media sites [...] |
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