Tag Archives: Europe

ArcelorMittal-France deal: Reach pact over disputed Florange plant, President under pressure

A fresh crisis erupted on Saturday after French government signed an agreement with the steel giant ArcelorMittal to avoid the elimination of about 600 jobs and also allow investing 180 million euros over one of its three largest French factories, the Florange plant.

After a day of agreement, French trade unions accused President Francois Hollande of being threatened to possible nationalization of ArcelorMittal’s Florange steelworks.

France gets new President as Francois Hollande

As per Sunday presidency polls, crown of France President went to leftist Francois Hollande who is a champion of government stimulus programmes will take his dignity on May 16.

Declaring him the winner of polls, Mr. Hollande termed himself a way for Europe change, said, “In all the capitals … there are people who, thanks to us, are hoping, are looking to us, and want to finish with austerity,” he further said at Paris’ Place de la Bastille where all ages and ethnicities citizens celebrated his victory.

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