Hollande’s Struggle, Exemplified by Bastille Day

Never in the history of the Fifth Republic had a French President been so low in the opinion polls. While more than 60 % of the French people had a positive opinion of the President when he was elected in May 2012, this number has not stopped decreasing since that month. Today, it has more […]

Guéant Faces Corruption Allegations from Potential Money Laundering

Former President Nicolas Sarkozy’s Chief of Staff and right-hand man, Claude Guéant, faces new scrutiny following the investigation into Sarkozy’s questionable campaign finances. The allegations stem from a $650,000 transfer to Guéant’s personal bank account from a foreign account in 2008 and from receipts for bills paid in cash for a sum of $35,000, which […]

Franco-Belgian Bank Dexia to Restructure

On the morning of Friday, December 21, the shareholders of Franco-Belgian bank Dexia SA held a special session in Brussels to decide the bank’s restructuring. The stockholders of Dexia SA, also known as Dexia Group, voted 99.4% in favor of a recapitalization, saving the bank from liquidation. The vote specifically approved a capital injection of […]