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Hollande voices French 'solidarity' with Americans

April 16, 2013 02:47
French President Francois Hollande early Tuesday voiced "France's complete solidarity with the American authorities and people" following deadly blasts at the Boston Marathon. In a statement, the head of state expressed "his very strong feelings following the explosions that hit the the city of Boston" and left three dead and more than 100 injured. "In tragic circumstances, the head of state offers his condolences to the families of the victims and expresses France's complete solidarity with the American authorities and people," the statement from the Elysee said.

Wealth inventory exposes millionaires in French government

April 15, 2013 14:51
By Catherine Bremer and John Irish PARIS (Reuters) - France's Socialist government contains eight millionaires, a list of ministers' personal assets showed on Monday, dealing a blow to the image built by President Francois Hollande of a team enduring frugal salaries and no-frills travel.

French ministers face first-ever assets declaration

April 15, 2013 12:16
French ministers will for the first time on Monday disclose their personal wealth, in a move President Francois Hollande hopes will restore confidence in his scandal-hit Socialist government. With the economy stagnant, unemployment on the rise and the government slashing spending, senior officials admit the move is risky and could create resentment by unmasking several millionaire ministers.

French ministers face first-ever assets declaration

April 15, 2013 11:01
French ministers will for the first time on Monday disclose their personal wealth, in a move President Francois Hollande hopes will restore confidence in his scandal-hit Socialist government. With the economy stagnant, unemployment on the rise and the government slashing spending, senior officials admit the move is risky and could create resentment by unmasking several millionaire ministers.

Hollande vows to 'eradicate' global tax havens

April 10, 2013 06:30
French President Francois Hollande on Wednesday vowed to "eradicate" tax havens "in Europe and the world" as he pursues anti-corruption efforts in the wake of a tax-fraud scandal. As part of the effort, Hollande said that French banks would be required to declare all of their subsidiaries around the world. bur/mm/mbx/wai

France to publish ministers' assets as scandal deepens

April 8, 2013 10:45
By Catherine Bremer PARIS (Reuters) - France's Socialist government promised on Monday to publish details of individual ministers' assets next week as it scrambled to stem a deepening scandal over a former budget minister's secret foreign bank account. Jerome Cahuzac quit his post in March and was placed under formal investigation for alleged tax fraud last week as he acknowledged he had been caught "in a spiral of lies" over his previous denials of holding a Swiss bank account.

France's Hollande under pressure to reshuffle government

April 7, 2013 20:36
PARIS (Reuters) - A majority of the French favour a government reshuffle in the aftermath of a scandal that forced the budget minister to resign after lying about a secret foreign bank account, a poll showed on Sunday. Socialist Hollande and his finance minister have spent the past week fending off accusations of a cover-up after former budget minister Jerome Cahuzac admitted lying about a secret 600,000-euro foreign bank account and was placed under formal investigation by magistrates.

Majority of French favour reshuffle after tax scandal

April 7, 2013 10:45
Nearly two-thirds of French people are in favour of a government reshuffle following a tax fraud scandal that has rocked the administration of President Francois Hollande, a survey showed Sunday. Critics have rounded on Hollande -- already in the doldrums in opinion polls -- over the scandal in which ex-budget minister Jerome Cahuzac was charged with tax fraud after he admitted owning an undeclared foreign bank account containing some 600,000 euros ($770,000).

Majority of French favour reshuffle after tax scandal

April 7, 2013 07:15
Nearly two-thirds of French people are in favour of a government reshuffle following a tax fraud scandal that has rocked the administration of President Francois Hollande, a survey showed Sunday. Critics have rounded on Hollande -- already in the doldrums in opinion polls -- over the scandal in which ex-budget minister Jerome Cahuzac faces charges of tax fraud after he admitted owning an undeclared foreign bank account containing some 600,000 euros ($770,000).

French finance minister confirms 0.1% growth this year

April 7, 2013 07:15
French Finance Minister Pierre Moscovici said Sunday that France's economy was expected to grow just 0.1 percent this year, revising downward an official target as the country struggles to get back on its feet. The French government had initially forecast 0.8 percent growth in 2013 for the eurozone's second largest economy, which continues to battle rising unemployment, stagnant growth and a stubborn budget deficit. Speaking on Europe 1 radio, Moscovici also predicted growth for 2014 at around 1.2 percent.
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