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Italy, France Back Off From Budget Clash With Brussels

Italy and France backed away from a clash with the European Commission over their 2015 budgets on Monday by pledging extra measures to cut their deficits, The Wall Street Journal reported. The move comes after the commission, the European Union’s exe ...

Daily Headline - global.abi.org - 10/27/2014 - 22:09 - 0 comments

Germany, France Ask Economists for Advice to Avoid ‘Lost Decade’

Germany and France have tapped a prominent economist from each country for policy advice to counter “the risk of a lost decade in Europe” in an attempt to bridge the growing divide between the two countries over how to revive flagging economic growth in ...

Daily Headline - global.abi.org - 10/13/2014 - 22:00 - 0 comments

Paris Stands Firm Against Fiscal Enforcers

Ever since the French government unveiled its 2015 budget two weeks ago, fiscal enforcers in Brussels have attempted to convince Paris it must do more – making additional spending cuts and implementing more reforms – for them to accept the plan, the Fi ...

Daily Headline - global.abi.org - 10/13/2014 - 22:00 - 0 comments

Euro Disney Agrees €1 Billion Restructuring Deal

Euro Disney has agreed a €1 billion funding deal backed by its largest shareholder, the Walt Disney, which includes a share sale and a debt restructuring, to allow it to invest in the business, the Irish Times reported. Euro Disney, the entertainment ...

Daily Headline - global.abi.org - 10/06/2014 - 21:09 - 0 comments

EU Prepares to Reject France’s 2015 Budget, Setting Up Clash Over Deficit

the weak economy, the government’s planned cost cuts would amount to just 0.2% of GDP, falling short of cuts worth 0.8% that it had agreed upon with Brussels. That could put France’s budget in “serious ...

Daily Headline - global.abi.org - 10/06/2014 - 09:02 - 0 comments

Air France, After Strike, Faces New Uncertainty

After a two-week pilots' strike that inconvenienced nearly a million passengers and caused Air France to lose an estimated 280 million euros, the airline was slowly returning to the skies on Monday, the International New York Times DealBook blog ...

Daily Headline - global.abi.org - 09/29/2014 - 21:14 - 0 comments

Air France Scales Back Transavia Plan, Giving In to Striking Pilots’ Demands

Despite bowing to an important union demand, Air France-KLM remained crippled on Thursday by an 11-day-old pilots’ strike, the International New York Times reported. After the company said late Wednesday that it had canceled the proposed Europewide e ...

Daily Headline - global.abi.org - 09/25/2014 - 22:26 - 0 comments

Air France Pilots’ Strike Casts Doubt on Carrier’s Future

More than a week into the strike by French pilots against Air France-KLM, the two sides are stuck in a holding pattern. The only certainty seems to be that the dispute is doing severe financial damage to the airline, the International New York Times ...

Daily Headline - global.abi.org - 09/23/2014 - 21:18 - 0 comments

Air France Pilots Vow to Extend Strike Indefinitely

Air France pilots rejected a proposal from management on Monday and vowed to extend indefinitely a strike that has grounded tens of thousands of passengers over the last week and threatens to wipe out tens of millions of dollars in revenue, the Interna ...

Daily Headline - global.abi.org - 09/22/2014 - 22:35 - 0 comments

France Breaks 2015 Deficit-Cutting Promise

France announced on Wednesday it was breaking the latest in a long line of promises to European Union partners to cut its public deficit, conceding it now would take until 2017 to bring its finances in line with EU rules, Reuters reported. The statement ...

Daily Headline - global.abi.org - 09/10/2014 - 21:46 - 0 comments

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