Category Archives: France

Eurozone Can’t Survive in Current Form, Says PIMCO

Single currency area must become a “United States of Europe” in order to secure its future, says manager of world’s largest bond fund. By Szu Ping Chan The eurozone is “untenable” in its current form and cannot survive unless countries are prepared to cede sovereignty and become a “United States of Europe”, the manager of Read More

France, Germany, Italy to Join China-Led $50bn Infrastructure Bank

France, Germany and Italy have confirmed they’ll join China’s new Asian Infrastructure Investment Bank (AIIB). Participation in the rival to the US-led World Bank is seen as a setback for the Obama administration. The three European countries on Tuesday confirmed in a statement they intend “to become founding members of the Asian Infrastructure Investment Bank,” Read More