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Economy

France Update, July 23rd, 2012

by Véronique Queffélec on juillet 24, 2012

france-update-july-23rd-2012

Key Summary

1/ France reforms update

On the 21st of July, the national assembly finally adopted the Amending Finance Law 2012. Unfortunately, it is mainly based on tax increase (€7.2 billion) rather than spending cuts (€1.5 billion), and is financed at 53% by households. The Senate still have to vote those amendments before the end of July.

Among the most important ones:

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Paris Insight: EU Update - EuroGroup

by Véronique Queffélec on avril 3, 2012

paris-insight-eu-update-eurogroup

Treasury Secretaries of the Eurogroup just met today to discuss about the European “Firewall” in Copenhagen.

After EU bailout for Greece, Europe needs to strengthen its firewall in order to provide relief for indebted Member States. These new measures are necessary to restore financial-market confidence in Spain and avoid the reinforcement of the crisis.

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