euro

How Greek bailout 'benefits Sarkozy'

France — Link

The €360 billion Greek debt crisis has, among other things, boosted French President Nicolas Sarkozy's chances of re-election next year.

Greece aid package boosts stock markets

International — Link

Stock markets in Europe and Asia rose after eurozone agreement designed to resolve the Greek debt crisis, with Paris up by more than 1%.

French Banks Pass European Stress Test

Économie — Link

The Bank of France said Friday all four French banks taking part in the European stress tests have passed, thanks to diversified business models.

French Plan for Greek Debt

France — Link

French banks propose plan to reinvest half the proceeds from maturing Greek government bonds ahead of key Rome meeting on the crisis.

'Euro bail outs heading into a wall' warns top French economist

Économie — Interview

Ireland has introduced its toughest austerity plan in history in return for a debt bail out by the European Union and International Monetary Fund. In an exclusive interview with Mediapart, French economist André Orléan warns such policies are "heading into a wall" and that Europe's "strategic inertia" leaves it "divided and powerless" in face of market pressures. It needs a New Deal, he argues, not austerity.