France

By Chryssa Liaggou

French energy giant Electricite de France (EDF) expressed last week its interest in the privatization of Greece’s Public Power Corporation (PPC), just as the government is poised to sell off part of the electricity company under a scheme dubbed “Small PPC.”

Manuel Valls, who became France's new Prime Minister in April, announced a series of austerity measures to reduce public spending.

He said some EUR 21 B would be saved in 2015 under a plan decreasing pensions, social benefits and healthcare expenditures.

Remi Piet is Assistant Professor of Public Policy, Diplomacy and International Political Economy at Qatar University.

This Article is from AlJazeera English

Segolene Royal, former partner of France's President Francois Hollande, has entered the country's new government.

French companies have struck agreements worth EUR 18 B with China during its president's official visit to Paris.

A total of 50 deals were signed according to France's President Francois Hollande, who made the announcement after meeting his Chinese counterpart Xi Jinping at the Elysee Palace, France24's website has reported.