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Greeks delay bailout talks as Merkel demands action

Reuters: Business News — Mon, 06 Feb 2012 15:50:56 +0000

ATHENS/PARIS (Reuters) – German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country’s political leaders responded by delaying their decision for yet another day.

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Merkel presses Greece as another bailout deadline slips

Reuters: Business News — Mon, 06 Feb 2012 14:30:20 +0000

ATHENS/PARIS (Reuters) – Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout, as German Chancellor Angela Merkel made clear Europe’s patience is wearing thin over drawn-out negotiations among its feuding political leaders.

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Sarkozy to bet on growth reforms as AAA slips away

Reuters: Business News — Sat, 14 Jan 2012 15:20:58 +0000

PARIS (Reuters) – The loss of France’s much-prized triple-A credit rating three months from elections that will likely hinge on the handling of the economy is a bitter blow for French President Nicolas Sarkozy, who had made the top-notch grade a badge of honor.

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Sarkozy, Monti urge unity over euro crisis

Reuters: Business News — Fri, 06 Jan 2012 21:10:31 +0000

PARIS (Reuters) – Italian Prime Minister Mario Monti warned the European Union on Friday not to let divisions over managing its debt crisis blow up into serious splits, and French President Nicolas Sarkozy warned that a euro collapse could trigger instability.

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Exclusive: SocGen to replace private bank head

Reuters: Business News — Thu, 05 Jan 2012 18:40:39 +0000

PARIS (Reuters) – French bank Societe Generale is set to announce an overhaul of its private banking unit that will see Daniel Truchi replaced as head of private banking, according to several sources familiar with the matter.

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March EU summit to discuss size of the ESM: French PM

Reuters: Business News — Thu, 05 Jan 2012 13:40:21 +0000

PARIS (Reuters) – A March summit of European Union leaders will discuss increasing the firepower of the bloc’s permanent rescue fund, the European Stability Mechanism, to cope with an upcoming glut of sovereign debt maturities, French Prime Minister Francois Fillon said on Thursday.

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French costs rise but demand solid at debt sale

Reuters: Business News — Thu, 05 Jan 2012 13:14:51 +0000

PARIS (Reuters) – French borrowing costs rose slightly when the euro zone’s second-largest economy sold debt for the first time this year on Thursday but demand was solid despite concerns the country could lose its AAA credit rating.

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Alcatel-Lucent CEO rules out deep job cuts: report

Reuters: Business News — Mon, 02 Jan 2012 16:00:45 +0000

PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent does not expect deep job cuts like those announced by rival Nokia Siemens Networks , Chief Executive Ben Verwaayen said in an interview published on Monday in French daily Les Echos.

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Euro could become world’s leading currency: Noyer

Reuters: Business News — Sat, 31 Dec 2011 19:19:09 +0000

PARIS (Reuters) – The euro could become the world’s leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal du Dimanche.

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IMF’s Lagarde warns global economy threatened

Reuters: Business News — Sun, 25 Dec 2011 14:40:39 +0000

PARIS (Reuters) – The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.

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