Greece will hold new elections after politicians failed to agree a ruling coalition, sending the euro and shares lower, as new French president Francois Hollande meets Germany's Angela Merkel for key first talks.
The BBC reports France's Hollande to lower state pension age to 60
New French president Francois Hollande has unveiled details of a plan to lower the retirement age to 60 for some workers - a key election pledge.
His predecessor, Nicolas Sarkozy, had faced strong opposition when he raised the retirement age by two years to 62.
The move in 2010 sparked weeks of strikes across the country, mainly by public service workers.
A small dose of reality has set in for a group of European central bankers: Euro Officials Begin to Weigh Greek Exit as Euro Weakens.
Greece’s possible exit from the euro moved to the center of Europe’s financial-crisis debate, rattling markets as authorities in Athens struggled to form a government.
European voters have delivered “an earthquake,” says France’s prime minister, with the dramatic rise of right-wing, Euroskeptic parties. Partial returns from the 28-nation European Parliament elections show an unprecedented surge by Euroskeptics and outright anti-EU politicians. The results have sent national political party leaders scrambling with France’s ruling Socialist party holding a crisis meeting and Britain’s Conservatives rethinking their strategy for next year’s general election.
Germany's Angela Merkel held last-minute talks Wednesday with French President Francois Hollande before a crucial EU summit but warned she would not budge in her opposition to pooling eurozone debt.In brief statements before the talks here in Paris both leaders made conciliatory gestures, with Hollande indicating he was ready to discuss further integration and Merkel hailing measures to promote eurozone growth.
PARIS (Reuters) - Francois Hollande has become the most unpopular French president on record, an opinion poll showed on Monday, with the Socialist leader hit by anger over tax hikes, unemployment and rows over the government's immigration policy. Hollande's popularity has sunk to 26 percent of those surveyed, the first time the BVA poll has seen a French president's approval ratings fall below 30 percent.
LONDON — When French Socialist politician Francois Hollande won the country’s presidency last year, his headline campaign promise to raise taxes on the wealthy got many investors worrying his policies would also hit the business sector hard.
France's top court on Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.
In what is a surprising warning shot for Merkel's popularity ahead of the September general election in Germany, moments ago the CDU/FDP ruling coalition lost the vote in Lower Saxony to the center-left Social Democratic Party/Greens block by a last minute, one-seat win according to Reuters.
The Netherlands has been one of the staunchest proponents of forced austerity on Greece. However, now that Brussels has demanded the Netherlands hit its fiscal targets, Dutch politicians can't get the task done and the government is poised to collapse. New elections coming up.
The Washington Post reports Dutch prime minister says government austerity talks collapse