France http://www.globalpost.com/taxonomy/term/20175/all en More down and up economic indicators in Europe and other stuff http://www.globalpost.com/dispatches/globalpost-blogs/europa/more-down-and-economic-indicators-europe-and-other-stuff <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Spanish debt downgraded amid hope that France and Germany have finally reached agreement on euro bailout. Plus other happenings around the continent </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p>Pulling string around the continent:</p> <p><strong>Economy</strong></p> <p><em>Degradation:</em>  Spanish debt was was downgraded two notches to A1 by Moody's yesterday. This makes it a hat trick of downgrades, as Fitch and Standard &amp; Poor's had already done the dirty to <a href="http://www.globalpost.com/internal/section-config/spain">Spain</a>. (more <a href="http://www.elpais.com/articulo/economia/Moody/s/sigue/estela/Fitch/S/26P/rebaja/escalones/deuda/Espana/elpepueco/20111018elpepueco_24/Tes">here</a> for those who read Spanish)</p> <p>Today's French papers are full of speculation that <a href="http://www.globalpost.com/internal/section-config/france">France</a>'s debt will be next. Moody's has put France "under surveillance." </p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/more-down-and-economic-indicators-europe-and-other-stuff" target="_blank">read more</a></p> Booker Prize euro zone crisis France Germany Home Jennifer Egan Julian Barnes Liam Fox Moody's ratings agencies Spain France Europe Germany Spain United Kingdom Europa GlobalPost Blogs Wed, 19 Oct 2011 08:59:00 +0000 Michael Goldfarb 5678404 at http://www.globalpost.com VIDEO: Sarkozy visits Bruni and daughter in Paris clinic http://www.globalpost.com/dispatch/news/regions/europe/france/111020/video-sarkozy-visits-bruni-and-daughter-paris-clinic <p> Nicolas Sarkozy has paid his third visit to the maternity clinic where Carla Bruni gave birth to their daughter on Wednesday night. The French president missed the birth to attend euro crisis talks in Germany, and on Thursday proceeded with a visit to western France as scheduled.</p> <p><a href="http://www.globalpost.com/dispatch/news/regions/europe/france/111020/video-sarkozy-visits-bruni-and-daughter-paris-clinic" target="_blank">read more</a></p> Carla Bruni France Nicolas Sarkozy Sarkozy France Europe Thu, 20 Oct 2011 11:43:00 +0000 News Desk 5678600 at http://www.globalpost.com Europe: can anyone save it from itself? http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-can-anyone-save-it <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> As Italian bond yields reach unsustainable highs and world markets begin to fall, Europe faces the worst crisis of leadership since August 1914. And we all know how that turned out. </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p> <br /> A snapshot of a moment in history:</p> <p> November 10, 2011.&nbsp; Global stock markets are falling. The yield on Italian bonds continues to rise.</p> <p> A <a href="http://online.wsj.com/article/BT-CO-20111109-717471.html">German newspaper</a> reports that Chancellor Angela Merkel is going to float the idea of re-writing the rules governing the euro zone at her Christian Democratic Union party meeting next week. At present there is no mechanism for countries inside the euro to leave.</p> <p> Merkel reportedly wants a new treaty provision that defines the ways in which a nation can leave - or be asked to leave - if it doesn&#39;t meet the basic conditions of euro zone membership. You want to know the basic conditions?: an annual budget deficit no higher than 3 percent of GDP and a national debt lower than 60 percent of GDP.&nbsp; Italy&#39;s debt is currently 120% of GDP. Got the picture?</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-can-anyone-save-it" target="_blank">read more</a></p> Angela Merkel August 1914 China Davos EFSF euro zone crisis France G-20 Germany Greece Home IMF Italy Nicolas Sarkozy Silvio Berlusconi France Europe Germany Italy United Kingdom Europa GlobalPost Blogs Thu, 10 Nov 2011 10:47:00 +0000 Michael Goldfarb 5680875 at http://www.globalpost.com Europe and the markets say TGIF!! http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-and-the-markest-say-tgif <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Greeks have a new government, Berlusconi is expected to go this weekend ... but the euro zone crisis is far from over </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p> At the end of the worst week for Europe politically and economically since the fall of the Berlin Wall here&#39;s where we are:</p> <p> Greece&#39;s new Prime Minister Loukas Papademos was sworn in and the new PM pledged Greece would do everything required to stay within the euro</p> <p> Italy&#39;s Senate voted through <a href="http://www.bbc.co.uk/news/world-europe-15688755">a package of austerity measures </a>the first step in paving the way for Silvio Berlusconi to resign.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-and-the-markest-say-tgif" target="_blank">read more</a></p> euro zone crisis France Greece Home Italy Monti Papdemos rating agencies Silvio Berlusconi Spain Standard and Poor's usury France Europe Italy Spain Europa GlobalPost Blogs Fri, 11 Nov 2011 16:35:00 +0000 Michael Goldfarb 5681112 at http://www.globalpost.com Europe: the wisdom of markets? http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-the-wisdom-markets Do bond markets know what they're doing?<p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-the-wisdom-markets" target="_blank">read more</a></p> bond markets economic growth France Germany Home Jose Luis Rodriguez Zapatero Mariano rajoy Spain United States of America Americas France Europe Germany United Kingdom United States Europa Tue, 15 Nov 2011 18:40:26 +0000 Michael Goldfarb 5681397 at http://www.globalpost.com Ratings war: Who deserves the AAA? http://www.globalpost.com/dispatches/globalpost-blogs/europa/ratings-war-who-deserves-the-aaa Head of France's Central Bank ruffles some British feathers as he claims France deserves a AAA from Standard & Poor's more than Britain.<p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/ratings-war-who-deserves-the-aaa" target="_blank">read more</a></p> AAA rating Britain Chirac Daily Telegraph France Le Monde Liberation Standard & Poor's The guaridan France Europe United Kingdom Europa GlobalPost Blogs Fri, 16 Dec 2011 08:48:23 +0000 Michael Goldfarb 5684408 at http://www.globalpost.com France and Turkey in war of words over Armenian genocide http://www.globalpost.com/dispatches/globalpost-blogs/europa/france-and-turkey-war-words-over-armenian-genocide France and Turkey in war of words over Armenian genocide<p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/france-and-turkey-war-words-over-armenian-genocide" target="_blank">read more</a></p> Armenian genocide Erdogan France Home Le Monde Liberation Regions Sarkozy Turkey World Leaders Zaman France Europe Politics Turkey Europa GlobalPost Blogs Fri, 23 Dec 2011 15:56:02 +0000 Michael Goldfarb 5685038 at http://www.globalpost.com French manufacturing base is contracting rapidly as a result of crisis http://www.globalpost.com/dispatches/globalpost-blogs/europa/french-manufacturing-base-contracting-rapidly-result-crisis In the last three years hundreds of French factories have closed as a result of the economic crisis and tens of thousands of jobs have been permanently lost<p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/french-manufacturing-base-contracting-rapidly-result-crisis" target="_blank">read more</a></p> Bruce Springsteen euro zone crisis France Home Manufacturing Mississippi river Ohio River Regions unemployment France Europe Europa GlobalPost Blogs Thu, 29 Dec 2011 10:01:00 +0000 Michael Goldfarb 5685363 at http://www.globalpost.com The French and the euro: not so happy anniversary http://www.globalpost.com/dispatches/globalpost-blogs/europa/the-french-and-the-euro-not-so-happy-anniversary <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> On 10th anniversary of euro going into circulation a poll shows a majority of the French think the single currency is bad for the country </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p> Exactly ten years ago, the first euro coins and notes began to circulate around Europe. To mark the occasion the newspaper Journal du Dimanche commissioned a poll from <a href="http://www.ifop.com/?option=com_continent&amp;id=1">Ifop</a> on French attitudes to the single currency. The results are not encouraging for political leaders.</p> <p> A majority of those polled, almost two-thirds, say the euro is not good for France or for them personally. There is a generational shift underlying this view. Anti-euro feeling is highest among the young. The over-65&#39;s are more likely to view the euro positively.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/the-french-and-the-euro-not-so-happy-anniversary" target="_blank">read more</a></p> euro euro zone crisis France Home Jean-Marie Le Pen Marine Le Pen Regions France Europe Europa GlobalPost Blogs Wed, 04 Jan 2012 16:02:00 +0000 Michael Goldfarb 5685897 at http://www.globalpost.com Euro falls to 16-month low against dollar as bank shares slump http://www.globalpost.com/dispatch/news/business-tech/global-economy/120105/euro-falls-16-month-low-against-dollar-bank-shares <p> The beleaguered currency fell to $1.2831 against the dollar after rising French borrowing costs and a suggestion from Spain&rsquo;s new economy minister that Spanish banks may face up to &euro;50 billion in new bad loan provisions unsettled markets.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/global-economy/120105/euro-falls-16-month-low-against-dollar-bank-shares" target="_blank">read more</a></p> Debt Crisis France Global Economy Business Debt Crisis France Europe Global Economy Thu, 05 Jan 2012 15:57:20 +0000 Luke Browne 5686071 at http://www.globalpost.com Blow for Sarkozy as French ferry firm goes under http://www.globalpost.com/dispatch/news/business-tech/120109/blow-sarkozy-french-ferry-firm-goes-under <p> SeaFrance employees gathered outside the court shed tears and lit flares upon hearing that the loss-marking firm had been liquidated and ordered to cease activity.</p> <p><a href="http://www.globalpost.com/dispatch/news/business-tech/120109/blow-sarkozy-french-ferry-firm-goes-under" target="_blank">read more</a></p> Europe France Business France Europe Mon, 09 Jan 2012 18:14:00 +0000 Luke Browne 5686521 at http://www.globalpost.com European economic news: today's round-up http://www.globalpost.com/dispatches/globalpost-blogs/europa/european-economic-news-todays-round <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Meetings, bank runs and some surprising good news for France </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p> Let&#39;s start with the good news: Ratings agency Fitch announced France would keep its AAA rating for the rest of the year. A Fitch spokesperson in Paris said, &quot;Fitch maintains its position from December. In the absence of important shocks that could be linked to a strong worsening of the situation in the eurozone, Fitch does not foresee modifying its negative outlook (on the ratings) before 2013.&quot;</p> <p> Now, it&#39;s Europe, let&#39;s get to the bad news. In London, Fitch&#39;s managing director, David Riley, said Italy was the country that was most at risk of a downgrade. &quot;The future of the euro will be decided at the gates of Rome,&quot; Riley told reporters.</p> <p> The country&#39;s A+ rating could be lowered as soon as the end of January.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/european-economic-news-todays-round" target="_blank">read more</a></p> Angela Merkel Christine Lagarde euro zone debt crisis Fitch. ratings agency. AAA. Italy France Germany IMF Greece Home Portugal Regions Business Debt Crisis France Europe Germany Global Economy Italy Europa GlobalPost Blogs Tue, 10 Jan 2012 17:44:26 +0000 Michael Goldfarb 5686739 at http://www.globalpost.com Euro zone crisis: has a corner been turned? http://www.globalpost.com/dispatches/globalpost-blogs/europa/euro-zone-crisis-pause-reflection <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> The atmosphere is calmer these days - politically and in the bond markets. Why? </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p> There is probably no riskier form of behavior for a blogging journalist than to claim that a corner has been turned in solving the euro zone&#39;s debt crisis but two weeks into the New Year it feels like something has changed - and changed for the better.</p> <p> It may be a moment akin to something in an episode of ER where the patient is in the emergency room and the crash carts have been deployed and vital signs have stabilized and the family - you and me and everybody in the world who understands that a euro crash will mean Great Depression MkII - are taking a deep breath, sipping tepid coffee, and feeling tentatively hopeful that the patient will make it.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/euro-zone-crisis-pause-reflection" target="_blank">read more</a></p> Angela Merkel bond markets ECB ER euro zone debt crisis France Germany Greece Home Italy Mario Draghi Mario Monti Nicolas Sarkozy Regions Business Debt Crisis France Europe Germany Global Economy Italy Europa Fri, 13 Jan 2012 12:52:00 +0000 Michael Goldfarb 5687235 at http://www.globalpost.com Europe: daily economic round-up http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-daily-economic-round-0 <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Downgrades coming? </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <p><strong>UPDATE; THE FRENCH GOVERNMENT HAS ACKNOWLEDGED THAT STANDARD &amp; POOR'S HAS DOWNGRADED THE COUNTRY'S CREDIT RATING ONE NOTCH FROM AAA TO AA+.  </strong></p> <p><strong>"It's not good news, but it's not a catastrophe," said French Finance Minister Francois Baroin. "It's not ratings agencies that decide French policy."</strong></p> <p> </p> <p>The day - and the week - ends with rumors swirling that Standard &amp; Poor's is preparing to issue credit downgrades for a number of euro zone countries including <a href="http://www.globalpost.com/internal/section-config/france">France</a>. How strong are the rumors? If S &amp; P doesn't drop France a notch or two from AAA every newspaper and most of the financial community in <a href="http://www.globalpost.com/internal/section-config/europe">Europe</a> is going to feel real embarrassed.</p> <p>The rumor has sent stock <a href="http://Europe: daily economic round-up">markets down</a>. The euro has lost more than a cent against the dollar.</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/europe-daily-economic-round-0" target="_blank">read more</a></p> EFSF euro euro zone debt crisis France Home Regions S & P Standard & Poor's Business Debt Crisis France Europe Europa GlobalPost Blogs Fri, 13 Jan 2012 17:44:00 +0000 Michael Goldfarb 5687300 at http://www.globalpost.com Euro zone debt crisis: focus returns to Greece http://www.globalpost.com/dispatches/globalpost-blogs/europa/euro-zone-debt-crisis-focus-returns-greece <div class="field field-type-text field-field-subhead"> <div class="field-items"> <div class="field-item odd"> Negotiators head to Athens to try and nail down agreement on bail-out </div> </div> </div> <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Michael Goldfarb </div> </div> </div> <!--paging_filter--><p> You may have thought the Greek crisis was pretty much over. After all the headlines from last November were: Greek bondholders agree to take a haircut and the country&#39;s Prime Minister George Papandreou resigns to be replaced by a technocrat named Lucas Papademos, who is more congenial to the needs of the EU&#39;s leadership in Brussels, and more important, to German Chancellor Angela Merkel.</p> <p> But as focus shifted to Italy and now to France, the Greek situation has remained bogged down in details. This week Greece&#39;s creditors in banks and hedge funds (not necessarily interested in the same outcome) plus representatives of the &quot;Troika&quot; (EU, IMF and European Central Bank) descend on Athens for an intensive round of negotiations with the Greek government.</p> <p> <a href="http://www.guardian.co.uk/business/economics-blog/2012/jan/15/greece-troika-debt-eurozone-crisis">Larry Elliott</a> at The Guardian has the best line of the day on the event. &quot;It is international finance&#39;s version of Sartre&#39;s Huis Clos, a vision of hell where three people who loathe each other are stuck in a room for eternity.&quot;</p> <p><a href="http://www.globalpost.com/dispatches/globalpost-blogs/europa/euro-zone-debt-crisis-focus-returns-greece" target="_blank">read more</a></p> athens ECB EU euro zone debt crisis France George Papandreou Germany Greece Home Huis Clos IMF Italy Jean-Paul Sartre Lucas Papademos Regions Troika Business Debt Crisis France Europe Germany Italy Europa GlobalPost Blogs Mon, 16 Jan 2012 09:54:32 +0000 Michael Goldfarb 5687512 at http://www.globalpost.com