Sweden’s prime minister Fredrik Reinfeldt was in the midst of a debate with opposition leader Stefan Löfven when news of Francois Hollande’s win came through.
The economic plans of François Hollande, the Socialist candidate in the upcoming French elections, are not credible and are a cause for concern, says Tom Beevers, manager of the Newton Pan European Fund.
French President Nicolas Sarkozy has unveiled a Twitter account ahead of appearing on French television tonight where he is expected to announce his candidature for the upcoming presidential elections.
Denmark’s minister of finance Bjarne Corydon is yet to fully respond to a letter sent by nine counterparts calling for the Danish presidency of the EU to speed up the adoption of a financial transaction tax (FTT)
Greece’s ruling parties will meet for a third consecutive day today in yet another effort try to agree austerity measures that are the preconditions for more bailout money, as other European leaders warn them a final deadline approaches before their country officially becomes bankrupt.
French banks have been sold down heavily this morning on news the French government is to implement a financial transaction tax this year – even if it is not implemented elsewehere in Europe.
French presidential candidate François Hollande, favourite to win presidency in France’s elections this April, has declared war on his “true enemy”: finance.
The former Manchester United football player, part-time Hollywood actor and potential politician Eric Cantona has announced he is vying for the support of 500 elected officials in order to run in the French presidential election in April.
Many French investors are attempting to wash their hands of EU equities, but are not ready to commit to the only visible escape route: emerging markets. Others cling to the belief core European economies remain a safe bet for fixed income. Uncertainty seems to be the key common denominator for French fund managers heading into 2012.
This is a summit that will go down in history, French president Nicholas Sarkozy said. “We would have preferred a reform of the treaties among 27. That wasn’t possible given the position of our British friends. And so it will be through an intergovernmental treaty of 17, but open to others.”
This week’s series of high-level meetings in Europe is being billed as make or break for the euro, and will likely lead to an unsatisfactory tightening of fiscal discipline rules, says Darren Williams, senior European economist at Alliance Bernstein.
In mid-2010, the global sector analysts at Union Investment were called to Frankfurt headquarters for a crucial meeting.