The prime minister of France is calling for the French people to support the government as it tries to tackle a “crushing” debt crisis.
Jean-Marc Ayrault said the nation is preparing to deal with an “unprecedented” debt crisis. He said that anyone earning more than 1 million euros would be taxed at 75%. Continue reading
A survey is showing that business activity in Europe has fallen to a 35-month low. In response, the euro fell to a 22-month low against the US Dollar.
European leaders failed to reach an agreement on how to handle the crisis as a proposal by French President Francois Hollande for pan-European bonds was opposed by German pending “more economic discipline” across Europe. Continue reading
A French scientist has been sentenced to five years in prison for plotting terrorist attacks with the help of Al Qaeda.
Adlene Hicheur exchanged e-mails with an alleged Al Qaeda operative suggesting he was willing to be part of an “active terrorist unit” with the goal of destroying French targets. Continue reading
