France

Green groups fume as France slams brakes on car CO2 proposal

Brussels  - Environmental groups on Wednesday reacted with outrage to a French proposal weakening planned European Union laws on the amount of carbon dioxide (CO2) cars should be allowed to emit.

The French government, which currently holds the EU's rotating presidency, "is giving up any pretence of trying to limit the climate impact of cars," pressure group Greenpeace said in a statement.

The proposal, presented to diplomats on Tuesday, "totally ignores" a vote in the European Parliament and shows that France is "totally out of touch with the needs of citizens who are desperate to reduce their fuel bills," a spokesman for Brussels-based group Transport and Environment (T&E) told Deutsche Presse-Agentur dpa.

European G8 members to meet Saturday in Paris

Paris  - The four European members of the G8 group of leading industrial nations are to meet Saturday in Paris to discuss a European response to the economic crisis, Luxembourg Prime Minister Jean-Claude Juncker told the French radio station Europe 1 on Wednesday.

In addition to officials from France, Germany, Italy and Britain, European Central Bank head Jean-Claude Trichet and Juncker, as head of the Eurogroup of eurozone finance ministers, will take part in the meeting.

Speaking on France 24 television late Tuesday, the president of the European Commission, Jose Manuel Barroso, said Brussels was preparing several measures, "and not only on the European level; something must be done on the global level as well."

French shares up amidst rumours of bank problems

Paris  - Buoyed by Wall Street's strong rebound, French shares on Wednesday continued to make up losses from earlier in the week as rumours swirled that a large French bank was in trouble.

The Paris Bourse's blue-chip CAC 40 was up 0.58 per cent, at 4,055.47, in mid-morning trade, with advancing issues outpacing losers by about three to one.

The French-Belgian bank Dexia, which is to receive an injection of 6.4 billion euros (9.05 billion dollars) from the French, Belgian and Luxembourg governments, led the gainers, up 6.3 per cent to 7.99 euros.

Other financial stocks were faring less well, with insurance giant Axa and the banks BNP Paribas and Societe Generale all on the losing side of the ledger.

Manmohan says Indo-French nuke agreement adds new dimension to ties

Manmohan Singh, Nicolas SarkozyParis, Sep 30 : Prime Minister Manmohan Singh on Tuesday said the civil nuclear cooperation agreement between India and France added a new dimension to their strategic partnership.

"Today we have added a new dimension to our strategic partnership by signing an inter-governmental agreement on civil nuclear cooperation," Singh said in a statement after his talks with French President Nicholas Sarkozy during which the landmark nuclear agreement was inked.

India, France ink social security pact

France, IndiaParis, Sept. 30 : The social security agreement inked between India and France will benefit Indian nationals working in France and French nationals working in India.

Under the agreement, workers on short term contracts of upto five years, do not have to make any social security contribution in the country of employment provided they continue to make social security payments in India and France.

India can be affected by global financial crisis, developed nations must take responsibility: PM

Manmohan SinghParis, Sept. 30 : Visiting Indian Prime Minister, Dr. Manmohan Singh, today said that developed countries primarily needed to take responsibility for resolving the global financial crisis, but added that India and China, as the world''''s two largest emerging economies, must take part in the solution.

Stating this during an interview with the prominent French daily Le Figaro, Dr. Singh warned that the crisis could spread to developing countries like India, as "we live in an interdependent world and the fate of all countries is related to the international financial system."

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