euro

France steps up campaign to weaken euro

France — Link

Led by prime minister Manuel Valls, ministers insist that eurozone political leaders should take up exchange rate issue and not leave it to ECB.
by La rédaction de Mediapart

Euro crisis is over, says France's Francois Hollande

International — Link

Despite high unemployment and recession, French president tells Japanese business leaders the four-year financial crisis that gripped EU is past.
by La rédaction de Mediapart

Europe's 3 percent deficit target – brief history of a political fetish made in France

France — Analysis

The French government has revealed that it will almost certainly not be able to meet its objective of trimming the public spending deficit to 3% of GDP by 2013. But where did this slavishly-followed rule – now enshrined in European treaties - come from in the first place? And does it have any economic validity today? Lénaïg Bredoux explores how and why this crucial figure was first created and discovers it dates back more than 30 years...
by Lénaïg Bredoux

German and French economies contract

France — Link

Hopes of economic recovery in eurozone thrown into doubt after figures confirm its two largest economies have performed worse than forecast.
by La rédaction de Mediapart

Bank of France chief sparks war of words over call for euro to dump City

International — Link

Comments by Bank of France chief that the City of London should no longer be financial centre for the euro meet with sharp rebuke in Britain.
by La rédaction de Mediapart

Germany and France agree approach on closer European integration

International — Link

French and German finance ministries to launch a working group to make joint proposals on issues such as fiscal and banking union.
by La rédaction de Mediapart

François Hollande’s fiscal puzzle

France — Link

The new Socialist government in France tackles its budget deficit - but with more taxes than spending cuts.
by La rédaction de Mediapart

François Hollande and Angela Merkel meet in Paris with high stakes at play

International — Link

Franco-German discussions need to build 'a concrete path' for Europe, says European Commission boss José Manuel Barroso.
by La rédaction de Mediapart

Debt crisis: France must find €10bn of savings

International — Link

The country must find up to €10bn of savings to bring its budget deficit under control this year, finance minister Pierre Moscovici has said.
by La rédaction de Mediapart

French banks 'readying for threat of Greek euro exit'

International — Link

French banks, among lenders the most exposed to Greek debt, are reportedly steping up planning for the debt-laden country leaving the euro zone.
by La rédaction de Mediapart

Busy agenda for François Hollande's first day in office

France — Link

François Hollande has been sworn in as president of France, becoming the first Socialist leader in 17 years to occupy the Elysee Palace.
by La rédaction de Mediapart

Front National leader Le Pen to campaign for French exit from euro

France — Link

Far-right Front National leader Marine Le Pen has made leaving the euro one of the main planks in her 2012 presidential election programme.
by La rédaction de Mediapart

France and Germany 'planning new core eurozone'

International — Link

Germany and France have discussed plans for a radical EU shakeup, establishing a more integrated and smaller euro zone, reports Reuters.
by La rédaction de Mediapart

‘Gaullist’ eurozone remedy fails to impress

International — Link

The Financial Times judges Franco-German euro governance initiative as "clumsy, ineffective and unpopular" and which won't impress the markets.
by La rédaction de Mediapart

Merkel and Sarkozy battle to save single currency

International — Link

The leaders of France and Germany set out a vision of an "economic government for the eurozone", vowing to defend the single currency.
by La rédaction de Mediapart