Francois Baroin News
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Air France-KLM Group Chief Executive Officer Jean-Cyril Spinetta will step down on July 1, three months before he’s required to quit, with French unit head Alexandre de Juniac taking charge of Europe’s largest airline.
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French Finance Minister Francois Baroin said he’s “confident” European Union leaders can agree on an aid package for Greece this week that won’t trigger a default and will address investors’ concerns on the debt crisis.
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French Budget Minister Francois Baroin vowed to meet the government’s deficit-reduction goals, saying next year’s target is “untouchable and not negotiable.”
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French Finance Minster Francois Baroin said that the government hasn’t decided whether an increase in its value added tax will be included in its efforts to reduce its budget deficit.
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French citizens who live overseas to avoid paying higher taxes at home will face French taxes, Finance Minister Francois Baroin said.
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The Group of 20 nations will act to maintain financial stability and economic growth, French Finance Minister Francois Baroin said.
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French Finance Minister Francois Baroin said that euro-area governments will take “all necessary measures” to prevent Greece from defaulting.
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French Finance Minister Francois Baroin said the European Union crisis shows the need for more integration, including a possible modification of treaties, Les Echos reported, citing an interview.
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French Finance Minister Francois Baroin said bonds backed by the entire euro area may eventually be an option, though they aren’t an immediate solution to the region’s sovereign-debt problems.
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France will not implement any further cost-saving measures after its debt was downgraded by ratings agency Standard & Poor’s, Finance Minister Francois Baroin told the Frankfurter Allgemeine Zeitung.
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