Two of the defense industry’s largest European concerns, EADS (owner of Airbus) and BAE are rumored to be in discussions about a merger between the two companies. Such a merger would create a defense firm larger than American companies Boeing and Lockheed but the proposal to unite the two is fraught with political concerns on […]
Read MoreFrancois Hollande, fresh off of his victory over former French President Nicolas Sarkozy, declared during the campaign that the ‘world of finance’ is his enemy and now he has a chance to make good on his promises to dilute the power of the financial sector in French politics. Among his proposals include increasing taxes on […]
Read MoreThe Fifth Republic has chosen its first socialist president since Francois Mitterand: Francois Hollande, an experienced political organizer that has, until now, never held high government office. Nicolas Sarkozy, pulling 48.1% of the vote, concedes victory to Francois Hollande of the Socialist Party of France at 51.9%. While described as reserved by some, this does […]
Read MoreFrance has long been associated with leftist politics, but with the potential of Francois Hollande, Socialist candidate for President of France, winning the election against Nicolas Sarkozy never before have the prospects of a French return to leftist policies held so much consequence for the rest of continent. Marxism and the French Left: Studies on […]
Read MoreThe recent financial crises spreading throughout debt heavy European sovereigns has called into question the viability of the common currency and the whole European project. In its initial stages, the European Coal and Steel Community was proposed by French foreign minister Robert Schuman on May 9, 1950 as a way to prevent future war from […]
Read MoreTo avoid the spread of contagion as well as deflect any potential fallout from the bubbling kettle that is the Italian economy, France has taken moves to pass austerity measures which are some of the most stringent the country has seen since the end of World War II. The new package includes cuts of 112 […]
Read MoreEven as French President Nicolas Sarkozy advocated for an expansion of the European Financial Stability Facility to allow for the inclusion of sovereign wealth funds, he was getting the cold shoulder from Beijing which warned it could not play as large a role in the solution of the eurozone crisis like many had hoped. Klaus […]
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