French Labor Minister Eric Woerth said his wife is stepping down from her job managing assets for L’Oreal SA heiress Liliane Bettencourt , whose alleged tax irregularities have kicked up a political storm in the country.
French Labor Minister Eric Woerth’s prospects as a potential candidate to become prime minister faded after his alleged entanglement in a conflict of interest case involving L’Oreal heiress Liliane Bettencourt, La Tribune said, without citing anyone.
French police will question Labor Minister Eric Woerth over allegations he helped his wife get a job as a financial adviser to the nation’s richest woman, government spokesman Luc Chatel said on television news channel La Chaine Info .
French President Nicolas Sarkozy raised the retirement age and increased taxes to stem losses in the pension system, risking confrontation with labor unions as he seeks to safeguard the nation’s top credit rating.
French President Nicolas Sarkozy ’s government said it will raise the retirement age and increase taxes on capital, seeking to stem losses in the pension system and safeguard the nation’s top credit rating.
Recordings of L’Oreal SA heiress Liliane Bettencourt ’s conversations about political dealings and Swiss bank accounts may prompt the postponement of a trial over whether the 87-year-old was manipulated into giving a friend about a billion euros ($1.23 billion) in gifts.