France has long prided itself on its generous labor laws, that give workers more security and more perks than in most European countries. But hit by the eurozone crisis and an ageing population, France now needs reform
The Socialists' fiasco in the French local elections has piled pressure on President Francois Hollande. But it remains unlikely that he will alter his reform course - on the contrary.
France's new Prime Minister Manuel Valls has officially taken office, pledging to press ahead with reforms to revive the country's economy. Two Green ministers have already said they will not join his government.
France’s newly reshuffled government is seeking a review of an EU timetable for cutting its budget deficit. Paris wants more time to rebalance its public finances and faces failure to meet an EU target for a second time.
G20 finance ministers and central bank chiefs are set to discuss controversial issues at the annual IMF spring meeting. Risks posed by low inflation and the Ukraine crisis are very real, analysts warn.
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