The yield on the French 2-year note has broken the zero bound at -0.002%. In other words, you now pay the French government to hold your money.
Speaking this morning at a Socialist party gathering in La Rochelle said the ECB’s decision to cut interest rates in June was a “strong signal” but more was needed The ECB is finally acting to sustain growth but it must … Continue reading
Highlights of the French Jobseekers report from the Labour Ministry. Prior reading was 3398.3K Net change 26.1K vs 14.5K expected Prior net change was +9.4K Fresh record high and another 26,100 people on the dole.
has no plans to resign Lagarde will appeal against the decision Source close to IMF head Lagarde being quoted on Reuters The case relates to her involvement in a EUR 403m compensation award made to the disgraced tycoon, Bernard Tapie, … Continue reading
French Economy Minister Arnaud Montebourg, speaking to a meeting in eastern France on Sunday said that the time has come for France to resist Germany’s “obsession” with austerity and promote alternative policies across the euro zone that support household consumption: “France … Continue reading
France’s fiscal shortfall and revisions illustrate the continuing challenges facing the euro area Rigidities in product markets and costly regulatory requirements for firms also put downward pressure on France’s growth prospects Moody’s casting their judgment on the fact that France … Continue reading
Put the golf bags back in the garage lads as you’re putting in some overtime. The foreign ministers of Russia, Ukraine, France and Germany will be meeting on Sunday to talk about the current situation. “Whether square or round table, … Continue reading
That’s according to the leader of France’s socialist party in Les Echos, via Reuters. I, for one, will be shocked, absolutely shocked, if France do miss the 3% target Update: Jean-Christophe Cambadelis was the one speaking in Les Echos and … Continue reading
Says there are other ways to help stranded Iraqi’s Has not made decisions about how to carry out a rescue mission in Northern Iraq Options include creating safe corridors and airlifts Will be glad to see new Iraqi government in … Continue reading
The OECD’s leading indicator was unchanged at 100.50 in June. There were worries for Germany and Japan which saw their numbers drop. Germany fell to 100.2 from 100.4 and Japan was down to 100.1 from 100.4, just holding above the … Continue reading