France

Merkel's Bavarian allies criticise EU's exception for French deficit

BERLIN - A leading member of German Chancellor Angela Merkel's conservative allies in Bavaria has criticised the European Commission's decision to give France two extra years to cut its deficit, a letter seen by Reuters shows.

EU Commission urges France to cut deficit at quicker pace 27 Feb 2015

BRUSSELS - The European Commission, which polices the budgets of EU countries, urged France on Friday to reduce its deficit at a slightly faster rate than foreseen by Paris to meet the bloc's budgetary rules by 2017.

Photo

Fast growing IAG outpaces continental airline rivals 27 Feb 2015

LONDON - British Airways-owner International Airlines Group raised its 2015 profit forecast by more than 20 percent, outperforming struggling continental rivals and sending its shares to an all-time high. | Video

Photo

France, Britain dismiss calls to renew relations with Syria's Assad 27 Feb 2015

PARIS - France and Britain dismissed on Friday any suggestion of restoring relations with Syrian President Bashar al-Assad, saying this would likely end all hope of a political transition and push moderates into the arms of radical Islamist groups.

Photo

Sudan's Bashir says will quit in 2020 if re-elected president 26 Feb 2015

PARIS - Sudan's President Omar Hassan al-Bashir said he will stand aside in 2020 if he is elected for one more term in April elections, in an interview published by France's Le Monde newspaper on Thursday.

French lawmaker faces party sanctions for Syria trip 26 Feb 2015

PARIS - A French lawmaker who went to Damascus for the first talks with Syrian officials since the 2012 closure of France's embassy there faces possible ejection from the ruling Socialist Party, its chairman said on Thursday.

Photo

Outside of Germany, ECB helps lift euro zone mood in February 26 Feb 2015

BRUSSELS - Confidence in the euro zone's economy strengthened for the second straight month in February, but the improving morale in Italy, France and Spain was not shared in Germany, where there was less support for the ECB's money printing plan.

EU gives France until 2017 to cut deficit; Italy, Belgium in clear 25 Feb 2015

BRUSSELS - The European Commission gave France until 2017 to get its budget deficit below an EU-imposed limit, sparing Paris a fine and giving it a new two-year grace period after it missed a second deadline to puts its finances in order.

Photo

French jobless total falls slightly in January 25 Feb 2015

PARIS - The number of unemployed people in France fell slightly in January, the first drop since August, as the government tries to spur growth and revive hiring in the euro zone's second-biggest labour market.

Photo

France promises new labour reforms as EU gives guarded reprieve 25 Feb 2015

PARIS - France announced plans for fresh labour reforms on Wednesday, and the European Commission granted it a new two-year delay to meet an EU deficit target but gave Paris three months to do more to revamp its economy and finances or face sanctions.