The euro fell against the dollar on Wednesday with the news that industrial production in the eurozone fell by 0.3 percent in June.
French industrial production decreased by 0.5% in the second quarter that may lead to a lower than expected 2014 growth rate.
The German government said that it will not modify its European economic policy.
French President François Hollande has increased pressure on Berlin and the European Central Bank to do more to pick up the sluggish economy and do more to fight the risk of deflation.
Argentina looks set to default on its sovereign debt for the second time in 13 years. A United States Supreme Court judge has ordered Buenos Aires to pay a group of hedge funds one billion euros.
Unemployment in France has risen for the eighth consecutive month to 11 per cent of the workforce, leaving President François Hollande’s promise to reverse the upward trend ...
France’s rich are getting richer, despite the crisis.
A job creation summit aimed at spurring half a million much-needed positions got off to a rocky start on Monday as two major labour organisations said they would boycott the event.
Five executives have been held in a cigarette factory in western France since Wednesday afternoon. The cigarette manufacturer, Seita, announced the closure of the factory last month.
French unemployment rose again last month with the Socialist government failing to keep President François Hollande’s campaign promise to reverse its upward rise.