France

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