Crisis-hit France, which has come under fire from the European Union for breaking the bloc's spending rules, announced "new measures" and "clarifications" to its budget Monday to reduce its deficit by €3.6 billion ($4.6 billion).
Britain’s EU budget rebate has never sat well with the Frenc,h who have to contribute the most to the refund and it's only likely to cause more consternation given that next year, France will hand over €1.5 billion to its neighbour across the Channel.
Germany's Chancellor Angela Merkel fired a thinly veiled warning in the direction of France on Thursday when she stressed "all" member states must respect the budget rulebook. It's widely expected that Brussels will reject France's 2015 budget.
French MPs will begin debating the country's 2015 budget on 2015 under the shadow of pressure from Brussels to make further cuts to reign back spending. Paris has demanded more "respect".
French President Francois Hollande on Wednesday urged the European Union to ease its rules on budget discipline with speculation increasing that debt-ridden France will become the first country to have its budget rejected by Brussels.
Setting the stage for a possible conflict with Brussels and Berlin, France said on Wednesday it's putting off deficit reduction targets for two years. The delay comes as France struggles with a flat economy and political instability.
New data says French workers put in the second fewest hours per year in Europe - some 239 hours less than their UK counterparts. But does the study, which some will use as fuel to bash France's oft-ridiculed 35-hour work week, overlooks some key points?
France laid out a new package of reforms on Wednesday to respect EU rules, cut spending, boost jobs and put its economy in shape to compete on world markets.
Top French government ministers doled out a total of €12 million in bonuses to some 450 staff members last year, new data has revealed. The sum is unlikely to go down well with voters already livid over a moribund economy and record high unemployment.
The latest casualty of France’s mammoth belt-tightening drive is its luxurious ambassador’s residence in the heart of New York City which has just been put on the market. It’ll only cost you a cool $48 million for the 18-room two story duplex. Take a look inside here.
The French parliament on Thursday approved a belt-tightening budget for 2014 with huge spending cuts and tax hikes in a bid to rein in the country's high public deficit.
The head of France’s Gendarmerie Nationale has made an extraordinary personal plea for funding in the National Assembly, telling MPs his branch of the French police can no longer pay their rent or improve their fleet of vehicles, it was reported this week.
There was more bad news for France on the economic front this week, when the country's own budget watchdog warned that public sector deficit is set to break a limit set by the EU last month. The watchdog said economic growth was now imperative.
High ranking ministers in the French government can expect a grilling in the coming days as an investigation into a tax fraud scandal got underway on Tuesday. The probe was set up after the former budget minister admitted having a secret bank account.
France's disgraced former budget minister, Jérôme Cahuzac gave his first televised interview on Tuesday since he quit his post after being charged with tax fraud. France's PM described it as a "pathetic" communications ploy.
Hounded by the media over a major tax fraud scandal, France's former budget minister Jerome Cahuzac is having to "move every two days" to escape the glare, he said in an interview published on Thursday.
France's former Budget Minister Jérôme Cahuzac confessed on Tuesday to having hidden €600,000 in a foreign bank account for the last 20 years. He was subsequently charged with the offence of "laundering the proceeds of tax fraud".
The first journeys of SNCF’s new low-cost train service 'Ouigo' hit the ground running on Tuesday morning. The no-frills service, inspired by the budget airline model, offers tickets starting at just €10.
The resignation of Budget Minister Jérôme Cahuzac amid allegations he held a secret Swiss bank account has rocked the French government. Political commentators are describing it as President François Hollande’s greatest crisis yet.
French Prime Minister Jean-Marc Ayrault on Friday asked ministries to slash spending by €5 billion next year to help balance the budget amid low growth, spiralling unemployment and mass layoffs.
French rail company SNCF brought the 'low-cost' model to train travellers on Tuesday with the launch of ‘Ouigo’ – its new cheap, no-frills train service for France. Tickets start from just €10.
France's President François Hollande on Friday said an EU deal on the bloc's multi-year budget was "a good compromise," but reaction in France has cast doubt over the extent of French gains.
European leaders looked set to strike a historic deal on Friday to cut the EU budget for the first time in its history. Just days earlier, French President François Hollande had warned against the dangers of austerity.
Breaking news: An appeal court in France upheld a €70,000 fine against budget airline EasyJet on Tuesday after the company was convicted of discrimination for refusing to allow three passengers in wheelchairs to board their planes.
