News From France
Vol. 11.10 December 31, 2011
A free monthly review of French news & trends
© Présidence de la République/ P. Segrette
President Sarkozy Visits Google’s New Paris HQ
President Nicolas Sarkozy visited the new headquarters of the internet company Google in Paris on December 6, during inauguration festivities. The 30,000-square-foot “Googleplex” will act as the operating base for Google’s affairs in Europe, Africa and the Middle East, and include centers for research and culture. Story, p. 3 .
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French and German Leaders Act on the Euro
Current Events
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France & America
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In Depth
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Business & Tech
5
Society
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Culture
7
France in America
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French Global Thought Leaders
France Magazine’s 100th Issue
U.S. Sees French Pastries Rise Solar Lighting on Champs-Elysées “Nap Bar” Opens in Paris © Présidence de la République/ P. Segrette
In response to the ongoing volatility in the euro currency zone, President Sarkozy and German Chancellor Angela Merkel have spearheaded a fiscal pact that aims to keep the zone united and strong. On December 5, Mr. Sarkozy and Mrs. Merkel met in Paris to discuss the configuration of the treaties that govern how EU member countries formulate their budgets. The pact’s underlying goal is to “ensure that the deregulation which led to the euro area’s current situation can’t recur under any circumstances,” Mr. Sarkozy said. To this end, he and Mrs. Merkel proposed mechanisms to enforce the goal of a maximum ratio of 3 percent national debt to gross domestic product in every EU member country. Though these measures call for budget balancing, these mechanisms are expected to strengthen confidence in the euro, which in turn will stimulate economic growth for the 17-state eurozone. Speaking at the end of the bilateral meeting, President Sarkozy asserted his firm belief on the course of action discussed with his German counterpart. “The crisis requires an extra commitment towards unity and a Europe that will not repeat the mistakes of the past... This is our duty. We have no other choice” than to resolve the euro currency turmoil, Mr. Sarkozy said.
President Sarkozy and Chancellor Merkel addressed fiscal coordination and opposed eurobonds.
French Design in Miami Alliance Française D.C. Expands
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