Antonio Barroso News
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President Francois Hollande may be forced to unilaterally overhaul French labor rules as employers and unions struggle to find common ground in final negotiations today and tomorrow.
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Voters in Catalonia head to the polls in two days in a regional election likely to advance nationalists’ push for independence and weaken Spanish Prime Minister Mariano Rajoy.
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Italian Prime Minister Mario Monti said the European Central Bank’s bond-buying plan reduced the stigma of asking for aid, as he followed Spanish counterpart Mariano Rajoy in resisting tapping the bailout program.
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Catalans began voting for a regional government, driving a push for independence that may weaken Spanish Prime Minister Mariano Rajoy.
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President Francois Hollande’s threat to nationalize an ArcelorMittal steel plant, while saving 600 jobs, may curb the creation of new employment by reinforcing France’s notoriety as a difficult place for business.
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Prime Minister Mariano Rajoy may hold on to power in his home region of Galicia even as fallout over austerity saps his support elsewhere, in local voting that may ease an obstacle to a Spanish bailout request.
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Catalan bank borrowings of about 60 billion euros ($77 billion) from the European Central Bank may prove an obstacle on the region’s path to possible independence.
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PSA Peugeot Citroen’s decision to close a factory and cut an additional 8,000 jobs is unacceptable, President Francois Hollande said, pledging to lean on Europe’s second-biggest carmaker to renegotiate the plan.
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Renault SA says if President Francois Hollande wants more cars built in France, he needs to tackle the country’s high labor costs and rigid work rules.
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Thousands of French workers demonstrated today across the country in what is President Francois Hollande’s first public challenge from his base.
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