Tag Archives | France

Dexia Receives Injection On Grexit Fears

Dexia, a Franco-Belgian bank, will receive another stimulus package from Belgium and France, due to heavy losses during the previous term. The extra funding is estimated at 5.5 billion euros ($7 billion) and is only one of many stimulus packages the bank has received since 2008 as a result of the global banking crisis. Dexia, [...]

Greece and France: Blending of Politics

The French elections were eagerly awaited as a means to unity and hope. But while Hollande was winning the election and gathering the entire capital to the iconically republican Place de la Bastille, his prelude to change changed without his contribution. The Greek elections have succeeded in reversing the balance of power. Hollande is stronger than Sarkozy, [...]

13,5% of French Citizens live under the Poverty Threshold

In comparison to 2008, the percentage of the people living on the poverty line has increased by 13.5 % in 2009. According to this new research coming from the French Institute of Statistics, 8.2 million people are considered to be poor instead of 7.84 million people of 2008. The poverty is due to the financial [...]