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IMF chief Lagarde criticizes US government spending cuts; jeered by students in Amsterdam

AMSTERDAM - International Monetary Fund head Christine Lagarde criticized the U.S. government's budget policies as too tight on Tuesday, in an appearance in Amsterdam that was interrupted by student protestors. Lagarde said the U.S. government's debt reduction plans are too abrupt, including the $85 billion in federal budget cuts known as the sequester. She said the current policies, if maintained, could lead to a contraction of 1.5 per cent in the U.S. economy.

Thousands to mark Hollande's first year with protests

Thousands are to protest in France on Sunday to mark President Francois Hollande's first year in office, with some accusing the Socialist leader of turning his back on the left and others denouncing his backing of gay marriage. On the eve of the anniversary of Hollande's May 6 win last year over right-winger Nicolas Sarkozy, the Communist-backed Left Front is hoping to rally 100,000 people for a march starting at the Bastille, the iconic square of the French Revolution.

'No alternative to austerity' says IMF chief

IMF chief Christine Lagarde insisted Thursday there was no alternative to the agenda of austerity being pushed across Europe, after massive demonstrations in several countries demanded an end to the policies. "There is no alternative to austerity," Lagarde told Swiss public broadcaster RTS. "The situation is difficult," she acknowledged, adding that countries needed to simultaneously observe "budgetary discipline", "prefer elements of growth" and promote "investment in employment".

First year of turmoil for France's feisty first lady

Just like her partner the president, Valerie Trierweiler has had to abandon some of her pre-election promises over the course of his first year in office. A twice-divorced career journalist, Trierweiler arrived at the Elysee Palace declaring she was going to redefine the role of first lady to the point that they'd have to come up with an alternative term. "I'm more careful now," she admitted 10 chastening months later, by which time her career was on hold and her time consumed by the kind of humanitarian work that first ladies specialise in.

French customs seize pangolin scales headed for Vietnam

French customs authorities on Tuesday announced the seizure of some 50 kilogrammes (110 pounds) of pangolin scales from Cameroon headed for Vietnam, where they are prized as aphrodisiacs. Hauls of the protected species' scales, also believed to combat allergies, have been on the rise. The latest seizure at Paris's Charles de Gaulle airport was the third in April, for a total estimated value of nearly 75,000 euros ($100,000), customs said in a statement.

IMF chief backs Spain's two-year deficit delay

International Monetary Fund chief Christine Lagarde voiced robust support Friday for Spain's announcement that it needs two more years to meet the European Union deficit target. "I strongly support the Spanish government's objectives of restoring a sound fiscal position while securing a recovery and creating jobs," Lagarde said in a statement. "Today's announcement to pursue a more gradual consolidation path is a welcome step toward meeting these goals, building on major reforms and structural fiscal improvements last year," she said.

IMF chief backs Spain's two-year deficit delay

International Monetary Fund chief Christine Lagarde voiced robust support Friday for Spain's announcement that it needs two more years to meet the EU deficit target. "I strongly support the Spanish government's objectives of restoring a sound fiscal position while securing a recovery and creating jobs," Lagarde said in a statement. "Today's announcement to pursue a more gradual consolidation path is a welcome step toward meeting these goals, building on major reforms and structural fiscal improvements last year," she said.

IMF welcomes Spain's plan to ease up on austerity

WASHINGTON (Reuters) - The International Monetary Fund on Friday welcomed Spain's decision to ease up on its austerity drive, saying it should aid employment while still helping to return the nation to fiscal health.

IMF chief 'strongly' supports Spain's new budget plan

International Monetary Fund chief Christine Lagarde voiced robust support Friday for Spain's newly announced budget plan to meet EU deficit rules. "I strongly support the Spanish government's objectives of restoring a sound fiscal position while securing a recovery and creating jobs," Lagarde said in a statement. vs/pmh

'Sleeping' finance minister slams 'French-bashing'

Accused of nodding off during lengthy EU talks to bail out Cyprus, France's Finance Minister Pierre Moscovici took to Twitter on Wednesday to slam what he called "French bashing". Media had seized on his apparent nap to question France's role and diminishing authority in the 27-nation bloc, gripped by a debt crisis and disagreements over economic reforms.
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