Eurozone recession is now longest in currency bloc
The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis ...
French economy falls back into recession
France's economy is in recession again — and that could spell more trouble for Europe. The national statistics agency, Insee, said Wednesday that ...
G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ...
French finance chief hails easing off austerity
French Finance Minister Pierre Moscovici on Tuesday hailed the European Union's decision to grant his country more time to tackle its deficit as a ...
French ministers get low grades from money experts
France's government leaders have bared their financial assets and the ruling is in: they're not very good at money. After a scandal in which his ...
France forces ministers to show financial records
Tax Day generally passes unnoticed in France but this year a major tax scandal involving a top member of government has made April 15 a day of ...
EU leaders to discuss fight against tax evasion
The European Union's 27 leaders will discuss stepping up the fight against tax evasion at their next summit in May. European Council President Herman ...
Scandal of disgraced French taxman widens
He feels hounded and, like a marked man, says he changes locations every few days. Less than a month ago, Jerome Cahuzac, France's disgraced former ...
US Treasury chief urges EU to ease off austerity
European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked ...
France will barely grow in 2013, minister warns
France's finance minister is warning that the country will barely grow this year. Finance Minister Pierre Moscovici told an economic conference on ...
Hollande pledges clean sweep amid corruption probe
For a French president who came to power on a promise of "irreproachability," naming a lying tax-dodger to be his chief tax collector was probably not ...
France revises up deficits for past 2 years
France has revised up the level of its deficit for the past two years, citing the deteriorating economy and a bank bailout. The national statistics ...
Europe eases the austerity whip _ a little
Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. Political leaders ...
EU lawmakers reject $1.3tn budget proposal
The European Parliament overwhelmingly rejected a proposal for the European Union's €960 billion ($1.3 trillion) budget Wednesday, in the latest ...
France's deficit to fall to 3.7 pct of GDP
France says it will only be able to cut its deficit to 3.7 percent of gross domestic product this year — above the 3 percent limit set by the European ...
France calls on Europe to ease off austerity
France has called on fellow European nations to ease off on painful austerity policies to give the economy some breathing space and avoid social ...
French official: No more austerity this year
France's finance minister says his government won't enact any more austerity measures this year, even though it has acknowledged it won't meet its ...
Germany, France urge Cyprus deal by end March
The finance ministers of Germany and France are calling for efforts to reach agreement on a rescue package for Cyprus by the end of March following ...
Peugeot Citroen posts $6.7 billion loss for 2012
PSA Peugeot Citroen posted a record €5 billion ($6.7 billion) loss last year after Europe's cratering car market forced France's largest automaker to ...
Euro chief won't rule out private Cyprus losses
The new head of the euro area's finance ministers refused Monday to rule out forcing private depositors in Cypriot banks take losses as part of a ...
Dutchman elected new chief of eurogroup
The Dutch finance minister, Jeroen Dijsselbloem, was elected Monday as the new president of the group of euro area finance ministers.
Dutchman gets backing to be next Eurogroup chief
The outgoing chairman of the Eurogroup, the regular meetings of the 17 eurozone finance ministers, endorsed Dutch finance minister Jeroen Dijsselbloem ...
Offshore account dispute snarls top French taxman
The man at the forefront of France's fight against fiscal fraud is now one of those being investigated. Budget Minister Jerome Cahuzac has spent ...
IMF warns French economy vulnerable to downturn
The International Monetary Fund warned Friday that the French economy, the eurozone's second-largest, is vulnerable to a downturn because of its ...
France wants to split banks' trading, lending ops
France's government proposed a bill Wednesday that would split banks' risky trading activities from their more traditional lending operations as part ...
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