World news: Party foes bury the hatchet to chase deal, Dublin mo...

 
 
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Wednesday October 16 2013
 
 
World News
 
Party foes bury the hatchet to chase deal
 
Senate leaders took over the negotiations on the budget when talks between the White House and the Republican leadership in the House broke down
 
 
 
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Coalition complicates Italy's budget talks
 
 
Germany hardens stance on bank safety net
 
 
Ireland unveils tax rises and further cuts
 
 
Osborne cements London as renminbi hub
 
 
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The World
 
François Hollande's cold shower
 

François Hollande (Getty)

François Hollande's Socialist government is desperate to get across a message, not least to foreign investors, that France's economy is in recovery mode and that it is now set to start reducing the heavy tax burden it has heaped on companies.

This sunny prospect received a cold shower on Tuesday in the form of a survey of American businesses in France.

Although respondents saw some improvement in economic conditions over the next two years after a worse-than-anticipated 2013, only 19 per cent expected to increase employment, while 26 per cent said they would be reducing jobs.

More worrying for Mr Hollande, the survey showed a sharp slide in the perception of France as a good place to invest.

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