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U.S. markets recover from steep losses
PARIS, Sept. 24 (UPI) -- French Prime Minister Francois Fillon said Monday drastic action was needed to shore up his country's "critical" public finances.
"We had a 1.15 billion (euros) ($1.62 billion) deficit at the end of 2006," Fillon told Luxembourg's RTL Radio. "The situation is critical."
He said France hadn't balanced its budget "since 1974."
On Friday Fillon said France was "in a state of bankruptcy due to its financing plan" and said France hadn't voted a balanced budget "in 25 years," London's Telegraph reported.
French President Nicolas Sarkozy said Friday he would try to lower the budget deficit to 2.4 percent this year and erase France's annual deficit by 2010.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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