Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Slideshow
Video
Full Focus
Editor's Choice
Our best photos from the last 24 hours. See more
Images of April
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Busy Jennifer Lopez casts doubt on more "American Idol"
16 May 2012
ECB move on Greek banks hits euro confidence
|
16 May 2012
Several brokerages stop taking Facebook IPO orders
16 May 2012
Several brokerages stop taking Facebook IPO orders
|
16 May 2012
J.C. Penney stock has worst fall ever
16 May 2012
Discussed
171
Romney apologizes for bullying incident at school
157
Germany’s Merkel dealt heavy blow in state vote
112
Weary warriors favor Obama
Watched
A look at the UK’s most beautiful face
Thu, May 10 2012
Paralysis patient tastes freedom through thought control
Wed, May 16 2012
Drought blamed for fall of Mayan civilization
Tue, May 15 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Nigeria's oil thieves
Nigeria is Africa's largest crude oil exporter but its production capacity has been slashed by thieves drilling into pipelines. Slideshow
Life in an Amazon tribe
A look at life in the Brazilian Amazon basin with the Yawalapiti tribe. Slideshow
Hollande taps old hands, new faces for French government
Tweet
Share this
Email
Print
Related News
France wants euro pact amended: finance minister
3:20am EDT
Analysis & Opinion
Hollande-Merkel agenda is more Greece than growth
Can Greek public opinion be turned?
Related Topics
World »
France Election »
Related Video
Hollande's plane struck by lightning
Tue, May 15 2012
1 of 16. France's new President Francois Hollande (C) stands in the rain as he attends a ceremony at the Arc de Triomphe after his investiture ceremony in Paris May 15, 2012.
Credit: Reuters/Regis Duvignau
By Brian Love and Daniel Flynn
PARIS |
Thu May 17, 2012 3:21am EDT
PARIS (Reuters) - French President Francois Hollande named a government dominated by moderate left-wingers on Wednesday after Socialist Party boss Martine Aubry, overlooked for the post of prime minister, said she no longer wanted to be part of the new cabinet.
Hollande, sworn in on Tuesday as France's first Socialist president in 17 years, named Pierre Moscovici as finance minister and Laurent Fabius as foreign minister, key posts under Prime Minister Jean-Marc Ayrault, like them a social democrat.
Ayrault said the team of 17 men and 17 women, the vast majority of whom have not been ministers before, was the first in French history to respect total gender balance, and their first meeting on Thursday would deliver on a promise to cut their own salaries by 30 percent.
"We're already well-oiled and up and running," Ayrault told France 2 public television.
Moscovici takes charge of a stagnant economy lumbered with a jobless rate of almost 10 percent and the challenge of cutting heavy debts as Hollande launches his campaign against excessive austerity in Europe, a region that has been struggling with a financial market crisis for more than two years.
The new lineup, which could change again after parliamentary elections finish on June 17, holds its first meeting on Thursday - a public holiday in France - before Hollande heads to summits in the United States of the G8 group of wealthy countries, and NATO.
The withdrawal of Aubry, beaten by Hollande last year in the contest to run for president on the Socialist ticket, removes from the team an experienced former minister with a reputation as a fist-thumping left-winger.
Aubry, daughter of former European Commission chief Jacques Delors and architect of the 35-hour week as labor minister in the last French left-wing government of 1997-2002, told Le Monde newspaper she would stay away rather than settle for a consolation post.
"I talked with Francois Hollande. He said he had settled for Jean-Marc Ayrault. We agreed that under this configuration my presence in the government made little sense."
Ayrault played down the affair, saying relations with Aubry remained friendly and that she was committed to playing a key role in the looming parliamentary election campaign.
Ayrault, in line with Hollande's promise to be a "Mr Normal" president after the more flashy leadership style of Nicolas Sarkozy, said his job was not to talk too much and "not to show off, but be useful to my country".
OLD AND NEW
Ayrault, a veteran social democrat who, like Hollande, has never been a minister, will head a team comprising a number of veterans and a lot of new blood. Only a handful of the 34 ministers have previously held national government posts.
Manuel Valls, 49 and the closest his party has to a right-winger, was named interior minister.
Najat Vallaud Belkacem, a 34-year-old who was a spokeswoman in Hollande's campaign team, was named minister for women's rights and government spokeswoman.
Moscovici, a graduate of the elite ENA civil service school who was Hollande's presidential campaign chief, initially had been expected to get a post other than finance. The 54-year-old, who speaks good English, served as a junior European affairs minister in a Socialist-led coalition a decade ago.
He wound up taking a job that was long expected to go to Michel Sapin, one of Hollande's closest friends and a man who believes blanket austerity risks plunging the euro zone into deep recession.
Sapin became labor minister while Arnaud Montebourg, an outspoken lawyer and member of parliament who has made a name for himself as a vociferous critic of globalization, was put in charge of industrial revival.
Fabius, the new face of foreign policy, was prime minister at just 37 in 1984 under Francois Mitterrand and was finance minister in 2000-2002 under Lionel Jospin's premiership.
He has been more of an enemy than a friend of Hollande in the past. Fabius, 65, treated Hollande with disdain when the two clashed over Europe in 2005, and campaigned for a "No" vote in a referendum on a European Constitutional treaty that Hollande, then Socialist Party leader, supported.
DELICATE BALANCE
The changeover from a conservative administration does not appear to have rattled markets for now, despite Hollande's vow to plead against excessive austerity in debt-stricken Europe.
Demand was solid on Wednesday at the first bond auction since Hollande took office, the yield on the benchmark five-year bond hitting a record low of 1.72 percent as political turmoil in Greece drove investors towards the safe haven of French debt.
Ayrault stressed that his government was committed to sound financial management and that new measures to be adopted this week and next, including a rise in back-to-school grants to families, would be financed by savings elsewhere.
Hollande had been expected to find a heavyweight job for Aubry because of both her experience and the need to hold together a historically fractious party.
Right-wingers from Sarkozy's UMP party seized on Aubry's exclusion to say the Socialist show of unity was a charade that voters should not fall for in the parliamentary elections, which take place in two rounds on June 10 and 17.
Voting intention polls show that France's 46 million voters should give the left control of parliament, following Hollande's presidential victory.
(Additional reporting by Leigh Thomas and Nicholas Vinocur; writing by Brian Love; editing by Geert De Clercq and Tim Pearce)
World
France Election
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.