France

France Most Popular Destination for Britons

Recent reports have revealed that the most favorite tourist spot for Britons is now France. It used to be Spain earlier. These details have been revealed according to a research conducted by Savills International and Home Away. The reason for the same is believed to be the sort of conditions prevailing in the residential market in the country.

People from Britain used to love to go to Spain for work and leisure, taking long breaks from their routine lives. With the economic downfall witnessed in Spain, there has been a shift seen in this trend and it has come from Spain to France.

ETA to Go Peaceful on Basque’s Independence

The leftovers of ETA's expelled political wing Batasuna and public groups have decided to take non-violent measures on the issue of seeking independence for Basque.

In response to the decision, the 700 imprisoned activists of ETA also agreed to abide by the decision taken by the party and appealed for forgiveness. But, activists were not ready to suspend ETA completely as demanded by the Government of Spain. The members also stick to the proposal to provide the residents of Basque with the right to decide on the issue of independence.

ECB Meet Might Bring Good News for Italy and France

The European Central Bank is the only euro-zone institution which can stop the debt crisis from spreading out it in Spain, Greece, Italy, Ireland and Portugal. And, for that reason, it is expected that in the Thursday’s ECB’s policy council meet, they would resume the purchase of euro-zone government bonds.

Mayor Removes the Image of King of Basque City

On Friday, in the first meeting since the elections, it was found out that Juan Karlos Izagirre announced that the painting of the King should be removed, as it does not represent the majority of the people in the Basque City.

Europe Stocks Still Searching for Direction

Most of the investors are cautious of making any bold moves ahead of the key austerity vote that is going to be made by the Greek parliament this week, resulting which the European stocks kept on searching their directions on Monday as well.

The reports showed that the Stoxx Europe 600 index gained by 0.1% at 264.26 recently, London's FTSE 100 was also up by 0.3% at 5714.35, Frankfurt's DAX was flat at 7124.94 and Paris's CAC-40 was again 0.1% higher at
3789.37.

Spain, France, Egypt, Tunisia, Jordan endorse Mediterranean Union

The Foreign Ministers of Spain, France, Egypt, Tunisia and Jordan assembled to try and get the bogged-down Mediterranean Union back on the right track.

The main motive of the conference and of the dinner afterwards was to look for a consensus on the election of a secretary general with a vision to hold the union’s second summit, planned for June 7 in Barcelona, said an official close to the Spanish department.

U.K., France, Spain At Risk Of Losing Top Credit Rating

Spain, France and the United Kingdom are at the risk of losing their credit rating because of their skyrocketing public debt.

According to the Fitch rating agency, the three nations have to take more secure measures to minimize their public debt otherwise it will reduce their sovereign ratings from AAA, the highest rating available.

Moreover, the agency has predicted that if the three nations public debt keeps increasing at the same speed, it will amount to more than 90% of their GDP by 2011. By contrast, Korea’s public debt stands at 35% of GDP.

France, Spain lose right to use Kyrgyz air base

Spanish and French troops were ordered to leave an important air base in Kyrgyzstan for missions in Afghanistan this month after the Central Asian nations refused to renew permission for its use.

The deal was turned down by Kyrgyzstan in June and allowed the United States to continue using the Manas air base after Washington agreed to pay more to have access to the facilities.

In the meantime, a nameless diplomat said that Spain temporarily shifted the roughly 60 soldiers and two Hercules C-130 planes which were deployed by it at Manas to Herat in Afghanistan on October 13.

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