A big French carmaker makes painful cuts even as it grows increasingly clear that Hollande may have to inflict austerity on France.
France
French Audio-leak: Controversy Rages After Toulouse Jihadi’s Comments Get Broadcast
The airing of leaked police recordings of Toulouse al-Qaeda adept Mohammed Merah sparks condemnation in France—and new legal inquiries into his March killing spree that critics claim took place because of serious intelligence failures.
Must-Reads from Around the World, July 10, 2012
Today’s picks: the stormy waters of the South China Sea, India faces the fallout from late monsoon rains and a controversial German writer and economist (not surprisingly) speaks his mind
French Tax Hikes Target Business and Wealthy Amid Stiffening Crisis
The government of French Socialist President François Hollande reveals nearly $10 billion in new tax hikes largely affecting the rich and companies as part of a emphatically leftist agenda revealed July 4.
Exclusive: French Officials Detail “Big Coup” Bust of Key Al-Qaeda Enabler
French counter-terror authorities tell TIME about a Tunisian arrested on suspicion of being a central figure in al-Qaeda’s activity on the internet and in the terrorist network’s recruitment, and fund-raising.
French Police Raid Sarkozy’s Home, Offices in Illicit-Campaign-Funding Inquiry
Police raids on Tuesday targeting the home and offices of former French President Nicolas Sarkozy aim to turn up evidence in alleged illegal campaign funding of conservatives by L’Oréal heiress Liliane Bettencourt
France Needs $43 Billion to Meet Debt Targets — but Rejects Austérité
French auditors reveal a $43 billion funding shortfall for 2012 and ’13, forcing Socialist President François Hollande to shift his focus from progrowth efforts to measures that look a lot like austerity he criticized elsewhere
Must-Reads from Around the World, July 3, 2012
Today’s picks: Mexico declares emergency over renewed bird flu outbreak, a new report condemns Syria’s “state policy of torture,” and the Burmese parliament prepares to reshape its economy, following half a century of military rule.
La Roja‘s Stunning Euro 2012 Success Enthralls a Depressed Spain
Spain’s national soccer team wins an unprecedented third-straight international title with Sunday’s 4-0 European Championship win over Italy, and gives fans new reason for joy–and hope–amid the crushing euro crisis.
E.U. Summit: Up All Night, But Consensus Finally Reached
Billed as the “last chance” summit to contain the escalating euro crisis, the meeting of EU leaders produces measures to relieve short-term financial pressures on vulnerable members, and lay the framework for significant …
France Bids Adieu to Minitel, Its Internet Forerunner
France’s precursor to the Internet, the clunky yet beloved Minitel, is set to go dark for good at the end of June, 30 years after its revolutionary launch
Must-Reads from Around the World, June 26, 2012
Today’s global stories delve into the prospects for peace in Kashmir, Paraguay’s presidential impeachment and the Queen’s historic visit to Northern Ireland.
Must-Reads from Around the World, June 22, 2012
Today’s picks: a week to save the Euro, Putin heads to Jerusalem and China’s military tries to clean shop.