France

Christine Lagarde named IMF chief

France’s Finance Minister Christine Lagarde, 55, has been named the first woman to head the International Monetary Fund (IMF). Ms Lagarde fought off Mexico’s Agustin Carstens for the job, although an IMF statement said that both candidates “were well qualified”. She received backing from America and Europe and key emerging […]

France rejects Italian Libya ceasefire call

By RFI France has opposed Italy’s call for a suspension in hostilities in Libya. Italian Foreign Minister Franco Frattini on Wednesday called for a “humanitarian” pause, but French officials said that it would help Moamer Kadhafi’s forces. “We have seen the effects of the crisis and therefore also of Nato […]

France, Russia sign long-awaited Mistral sale

Russia’s Rosoboronexport military corporation and DCNS, the warships’ French maker, signed the contract on the sidelines of the Saint Petersburg Economic Forum. French Foreign Trade Minister Pierre Lellouche, who was present along with Russian President Dmitry Medvedev, estimated the contract at 1.12 billion euros. A Mistral-class ship can carry up […]

Opposition ridicules Merkel’s bailout deal

Germany’s opposition parties have poured scorn on the compromise brokered between Angela Merkel and French president Nicolas Sarkozy on a new Greek bailout package, which calls for the private sector to contribute voluntarily. “The idea of a voluntary contribution from the banks is ridiculous,” said Carsten Schneider, financial spokesman for […]

France raises concern over nuke-free Germany

France’s Energy Minister Eric Besson is urging the European Commission to tackle the knock-on effects of Germany’s decision to abandon nuclear power, fearing energy supplies problems, in a letter seen Friday. “Our national decisions can have a substantial impact on the balance between electricity demand and supply in other European […]

Anti-austerity general strike hits Greece, as French banks threatened with downgrade

By RFI Demonstrators are camped out in front of the Greek parliament and workers are on general strike as MPs debate a new austerity package. Credit ratings agency Moody’s is threatening to downgrade three French banks because of their exposure to Greek debt. More: http://www.english.rfi.fr/economy/20110615-anti-austerity-general-strike-hits-greece-french-banks-threatened-downgrade