"france" tag

Strikes paralyze rail system in France

Rail workers have gone on strike in France, crippling the country’s train system, one day after striking air traffic controllers triggered flight cancellations en masse. The rail strikes are expected to end on Friday. Only...

French air traffic controllers strike, rail staff next

“Almost 100 percent” of air traffic controllers have downed tools to protest plans to unify EU airspace, according to France’s DGAC aviation authority. Hundreds of flights were hit, with a rail strike next for France....

Indian Economy is it going off the rails or is it just a blip?

Indian locomotive derailed, or a blip, this is a phenomenon that is all makes sense due to the combination of a degraded international environment and a specific business cycle India , what were called the...

Unemployment in France climbs to 15-year high

Unemployment in France has hit a level last seen in 1998 as Europe’s second-biggest economy remained stuck in recession. President Francois Hollande has vowed to reverse the rise, but the worst seems yet to come....

EU leaders move to end costly tax evasion

EU leaders have have taken a major step to curb tax cheats, pledging to do more to stop companies actively avoiding taxes. The bloc’s latest actions pave the way to ending banking secrecy among its...

US firms urge reforms in Germany

US companies like Ford, IBM and McDonalds have invested some 130 billion euros in Germany. Most would expect an attractive business location behind that drive, but can Germany really deliver? The American Chamber of Commerce...

Recession hits eurozone despite growth in Germany, France

A slight expansion of economic activity in Germany and France couldn’t save the eurozone from a second recession in four years. The serious slump in the area’s southern periphery gives little hope for a recovery...

Part II -The real reason for euro zone collapse: heterogeneity of euro states

The first article of this Two part Series   Historical differences in economic institutions jeopardized the Euro currency Is it not strange that Europeans do not have the same vision of economy? Just as in India,...

The real reason for euro zone collapse: heterogeneity of euro states

The first article of this Two part Series Two weeks ago (Oct. 4), the European Central Bank (ECB) decided to let its key rate unchanged at 0,75%, its level since last July. The ECB also...

Germany, France launch new finance tax drive

Germany and France have made a fresh appeal to the European Union executive to pave the ground for a tax on financial transactions. They hope it can be introduced in at least nine of the...