French foreign minister Fabius says talks on Ukraine “can report mission accomplished”… I’m going to hope that’s a bad translation.
Speaking in an interview in Les Echos, Manuel Valls says that the ECB needs to go further on the euro and that ECB monetary policy can’t just focus on interest rates. An overvalued euro is bad for growth and industry … Continue reading
A bit of a stinker for the French this morning on the PMI’s as they post some dreadful figures this morning. The rest of Europe is sliding from the early years highs but at least they are still in expansion … Continue reading
He says that he trusts that France will further intensify not just fiscal consolidation but also structural reforms. How’s that trust worked out for you recently Olli?
And one day they might Fiscal pact has sufficient flexibility France will meet EU deficit target in 2015 (Which one? The missed 2013 target or the missed 2014 one?) Greece will return to correct fiscal path Greece may meet aid … Continue reading
Both S&P and Moody’s will be publishing their latest sovereign rating reports for the UK after close of business later, and if we get any positive vibes then we might get a late crack at the big figure. Moody’s perhaps … Continue reading
The French government has announced a mini budget and alongside the spending cuts they want to offer €1.1bn of tax relief for low income households. They’ve revised down the 2014 estimated tax intake but have kept the overall public deficit … Continue reading
Vladimir Putin will be in France on Friday and will meet up with Angela Merkel too. The meeting has been organised after a phone conversation between the two and both were urging coordinated steps for Ukraine de-escalation. I wonder if … Continue reading
The writers at the UK’s Telegraph must be under some sort of “incite fear” instruction. AEP has been at it for years (here is his latest); and here’s a piece from another there: A new French revolution is about to … Continue reading
Jobseekers in France rose to 3364.1K in April, a rise of almost 25K and higher than the 3354K consensus. The euro ticked to a session low of to 1.3590 shortly before the headlines.