Britain claims several lobbying victories after perceivedly losing out over choice of new commissioner EU finance ministers have tonight agreed an ambitious new pan-European system of market regulation aimed at taming excesses, minimising risk, and taking pre-emptive action to head off the kind of financial meltdown seen over the past 18 months. The new regime, which will centre around a Frankfurt-based...
Paris will bring its burgeoning budget deficit below 3% of gross domestic product a year earlier than previously expected, Christine Lagarde, finance minister, said
Paris - French Finance Minister Christine Lagarde said Friday that the second France-Ireland World Cup playoff match, which was decided by an illegal hand ball, should be replayed. I'm of course happy that France has qualified for the World Cup, but...
Paris - French Finance Minister Christine Lagarde said Friday that the second France-Ireland World Cup playoff match, which was decided by an illegal hand ball, should be replayed. I'm of course happy that France has qualified for the World Cup, but...
It´s not been a good week for Europe´s self image: Thierry Henri admits to breaking the rules - but not to the ref at a time when he could have done something - who does he think he is a banker? I know it´s only a game but it matters to more people than the result of the political horse trading in Brussels last night. I´m not sure that it´s helpful that you have the politicians...
Trying for political balance limits the gene pool of talent. Candidates such as Christine Lagarde, Vaira Vike-Freiberga and Pascal Lamy should be in the frame
France's economy grew 0.3 percent in the third quarter, Finance Minister Christine Lagarde said during a visit to Singapore Friday. The figure is the same as in the second quarter, when France's economy expanded for the first time after four quarters of contraction. The minister gave the figure shortly before the release by the INSEE national statistics agency of its GDP estimate for the third quarter...
France's economy minister believes her country's financial system helped it out of recession After more than a decade of lectures from Gordon Brown about the need to let markets rip, it is little wonder that the French are having the last laugh. As she relaxed in her room in the Dorchester in London ahead of Saturday's G20 meeting in Scotland, the French economy minister, Christine Lagarde, was quietly...
After reported currency intervention by Asian economies and Brazil, Europe today reiterated its desire for a strong dollar as well. Bloomberg: French President Nicolas Sarkozy’s counselor, Henri Guaino, said today in Paris that the U.S. is “flooding the world” with dollars and that the currency’s weakness may become “unbearable.” Eric Woerth, France’s budget...
French Finance Minister Christine Lagarde (photo) is leading a governmental drive to attract investment from Muslim countries, in a bid to turn Paris into the European capital of Islamic finance and help France battle the credit crisis.
Mish's Global Economic Trend Analys (Free subscription) | 10/07/2009
The G-7 meeting has concluded and the only accomplishment was yapping about the need for a strong dollar. Please consider G-7 Finance Chiefs Campaign for ‘Strong Dollar’ . Finance chiefs headed for Group of Seven talks in Istanbul pushing for a “strong dollar” amid concern its slide will impede their recoveries from the worst global recession since World War II. “Everyone...
France Financial Minister Christine Lagarde and her British counterpart Alistair Darling announced Monday to mobilize 4 billion U.S. dollars for poor countries, the French financial ministry said in a statement. The two countries will each provide 2.0 billion U.S. dollars to the International Monetary Fund (IMF) asset for special drawing rights (SDRs), which can be loaned to poor countries to help...
According to the Independent (UK) arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading. The current deadline for the currency transition is 2018. The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition...
• G7 to end policy dominance with 5% vote shift • China, India and others to take greater global role Finance ministers from the rich G7 countries today surrendered the dominance they have held for a quarter of a century over economic policy-making when the group decided to end regular set-piece gatherings. With power shifting from the west to the bigger developing nations, the G7 agreed...
G-7 Finance Chiefs Campaign for ‘Strong Dollar’ Before Meeting By Simon Kennedy and Mark Deen Oct. 3 (Bloomberg) -- Finance ministers from the Group of Seven meet in Istanbul today pushing for a “strong dollar” amid concern its slide will impede their recoveries from the deepest global recession in the postwar era. “Everyone needs a strong dollar,” French Finance...
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