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U.S. stresses future France role in Afghanistan
WASHINGTON — The United States stressed Thursday that France would still contribute to the NATO operation in Afghanistan, despite new President Francois Hollande’s promise to withdraw combat troops this year. A day before Obama welcomes Hollande to the Oval Office for their first meeting, the White House stressed that the…
New French government to take a pay cut
France’s new government, under Socialist President Francois Hollande, gets down to work Thursday with the first order of business on their agenda being a pay cut for themselves. Hollande unveiled a government of mainly moderate Socialists and longtime allies Wednesday as his new prime minister vowed to work quickly to…
Baron Cohen pulls camel stunt at Cannes
Flamboyant British comic Sacha Baron Cohen sparked minor chaos on Cannes’ fabled Croisette beachfront Wednesday as his zany alter ego General Aladeen took a morning stroll on his camel Osama. The star of “The Dictator” ordered his mini-skirted Amazonian bodyguards to point their assault rifles at the press pack outside the ritzy Carlton Hotel before…
Hollande sworn in as French president
Socialist leader Francois Hollande was sworn in as president ofFrance on Tuesday at a solemn ceremony overshadowed by the catastrophic debt crisis threatening to unravel the eurozone. After brief ceremonies in Paris, the 57-year-old career politician was to dash to Berlin to confront Chancellor Angela Merkel over their very different visions as to how to save the…
France’s ‘President Normal’ declares modest assets
PARIS, May 11, 2012 (AFP) – France’s president-elect Francois Hollande — who campaigned as a “Mr Normal” figure — declared a very modest collection of assets as he prepared for his swearing-in ceremony next Tuesday. Hollande, a 57-year-old career politician with four children, owns three properties in the south —…
Oil prices drop further amid eurozone tensions
Oil prices fell further on Wednesday in line with shares amid tensions over the eurozone’s political and economic problems, although bargain-hunting provided support, analysts said. Crude futures also faced downside pressure following indications by the world’s key oil producers that they may boost output to bring prices down to sustainable levels. New York’s…
Republicans wary of socialist win in France
WASHINGTON — Republican US lawmakers gave cautious reaction Tuesday to socialist Francois Hollande’s presidential win in France, with one senator warning the result could mark an “unnerving” setback in Afghanistan. “If the result of the election is that the French are going to withdraw from Afghanistan by the end of…
Japan warns France to stick to fiscal reform plans
TOKYO — Japan on Tuesday warned French president-elect Francois Hollande to keep the nation’s fiscal discipline in place amid worries the new leader will overspend in a bid to boost the economy. “Our stance is unchanged,” Finance Minister Jun Azumi told a regular news conference in Tokyo, according to Dow…
French and German stocks rise after Hollande elected
Leading European stock markets closed higher on Monday despite the prospects for political and financial turmoil in Greece following general elections a day earlier. London markets were closed, but in Paris the CAC 40 index jumped by 1.65 percent to 3,214.22 points in moderately thin trading, while in Frankfurt the…
Germany says renegotiating EU pact ‘not possible’ after French election
The German government on Monday ruled out reworking the European Union’s fiscal pact despite calls to do so by French president-elect Francois Hollande. “It is not possible to renegotiate the fiscal pact,” government spokesman Steffen Seibert told a regular news conference. He noted that 25 of the 27 EU member states had already signed…
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