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France now has a socialist president

2 years agoOdd : TYWKIWDBI

This should be interesting. I know nothing about him, but read this in the BBC story today:He said he would push ahead with his pledge to refocus EU fiscal efforts from austerity to "growth". "Europe is watching us, austerity can no longer be the only option," he said. Mr Hollande has called for a renegotiation of a hard-won European treaty on budget discipline championed by German Chancellor Angela Merkel and Mr Sarkozy.
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The Probable New French President Says France Won't Sign Europe's New Fiscal Treaty

Business & Finance : Business Insider: Clusterstock (2 years ago)

The favorite in France's presidential race says France won't approve the fiscal treaty 25 of 27 EU leaders agreed upon in December, according to Bloomberg. That said, he says he will try to renegotiate the treaty. Socialist presiden... Read Post

France rebuffs EU warning on pension reform

Business & Finance : Business Report (2 years ago)

France's new Socialist government will push ahead with plans to lower the pension age for people deemed to have worked long enough, Finance Minister Pierre Moscovici said. ||| France's new Socialist government will push ahead with p... Read Post

UBS' George Magnus: As Europe Pushes Back Against Austerity, Its Fiscal Compact Needs These 5 Changes

Business & Finance : Business Insider: Money Game (2 years ago)

Europe's growth v/s austerity debate has been very divisive, and we've seen austerity protests take center-stage in Spain and Greece. In his latest note, George Magnus, UBS's senior economic advisor says the eurozone suffers especia... Read Post

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