France Moves Deficit Target For 2017 Again — Finance Ministry

France arrests Paris woman for alleged Al-Qaeda links

Markets closed Levi, Ray & Shoup, Inc. Announces New Office in Paris, France Press Release: Levi, Ray & Shoup, Inc. 2 hours 49 minutes ago Print SPRINGFIELD, Ill., Oct. 1, 2013 /PRNewswire/ — Levi, Ray & Shoup, Inc. (LRS) announces the opening of a new office in Paris, France today. After completing an asset purchase of its long time distributor in France, PartnerSoft, LRS is opening its French office to sell its software products directly in France. All PartnerSoft employees responsible for LRS software products are now employees of LRS France. This ensures continued levels of excellence in support and customer care for the LRS Output Management software product lines and the significant number of existing customers throughout France. “LRS France staff will maintain the same service levels PartnerSoft customers have been accustomed to with this transition,” states John Howerter, LRS Senior Vice President of EOM. “We’re planning an LRS France User Group meeting in November where we will focus on our French customers and the needs in this market.” LRS France will be managed by James Masters, LRS Vice President for EMEA (Europe, Middle East and Africa). “We are excited about the opportunity the integration of the French market brings to LRS’ EMEA operations. We are optimistic this will allow LRS to expand our customer base even further in this region,” said James Masters, Vice President for EMEA. About LRS LRS is a privately-held U.S. company with corporate headquarters located in Springfield, Illinois. Remote offices are located throughout the United States and in key geographic regions around the world. More than half of the Fortune 500 and Fortune 500 Service companies rely on industry-leading LRS solutions, with products in use in over 30 countries. Industry analyst groups recognize LRS as a global IT leader and Software Magazine consistently ranks LRS as one of the top software companies in the world. For more information about LRS, visit www.LRSOutputManagement.com.

Officers with France’s DCRI domestic intelligence agency on Tuesday arrested a Paris woman suspected of possible links to Al-Qaeda in the Arabian Peninsula. Caption PARIS: Officers with France’s DCRI domestic intelligence agency on Tuesday arrested a Paris woman suspected of possible links to Al-Qaeda in the Arabian Peninsula. A source close to the investigation said the woman was arrested around 6:30 am (0430 GMT) at her apartment in the working-class Belleville district of Paris. The 21-year-old was arrested as part of an investigation by anti-terror officers into a case of “criminal association in connection with a terrorist enterprise,” the source said. The source said the suspect had been a reader of Inspire — an online magazine published by Al-Qaeda in the Arabian Peninsula — and would be questioned about potential contacts with the group. Based in Yemen, Al-Qaeda in the Arabian Peninsula is considered one of the deadliest franchises of the international militant network. Inspire, which aims to radicalise young Western Muslims and has included instructions on bomb-making, has been linked with a number of attacks. US media have quoted investigators saying Dzhokhar and Tamerlan Tsarnaev, the two brothers believed to have carried out the Boston Marathon bombings in April, had read the magazine and may have followed its instructions on making pressure-cooker bombs. Copies of the magazine have been seized in other arrests of alleged radical Muslims in France. France is grappling with a rise in homegrown Islamist militants and earlier this month arrested the webmaster of a site that published French-language translations of Inspire. French authorities stepped up security efforts and broadened anti-terror laws following the attacks by Al Qaeda-inspired gunman Mohamed Merah that killed seven people in and around the city of Toulouse last year. – AFP/ec

France against Romania, Bulgaria joining Schengen zone

Invalid entry: Please type the verification code again. October 1, 2013, 9:59 a.m. ET France Moves Deficit Target for 2017 Again — Finance Ministry Text By William Horobin PARIS–France will trim its deficit to 1.2% of economic output by 2017, falling short of President Francois Hollande’s election pledge to balance the public finances by the end of a five-year term in office, according to a document published by the finance ministry. Since coming to power in May 2012, Mr. Hollande’s plans to reduce the deficit and start bringing down the country’s debt have been repeatedly derailed by the poor performance of the economy as the euro zone lingered in recession. His original plan to balance public finances in 2017 had already slipped this year to target a deficit at 0.7% of economic output. The finance ministry document, available on the finance ministry website Tuesday, will be assessed by the European Commission and provides financial and economic forecasts beyond the scope of the 2014 budget presented last week. The macroeconomic forecasts that ground the plans to reduce the deficit from around 4.1% of gross domestic product suppose an acceleration in economic growth from only 0.1% this year to 0.9% next year, 1.7% in 2015 and 2% a year thereafter. The stronger growth from 2015 to 2017 will shave about 0.2 percentage points a year off the deficit. The rest of the reduction from 2015 will come exclusively from spending cuts, rather than tax increases Mr. Hollande’s government has relied on to repairs public finances.

“If there is not a change in conditions, we won’t be in favour,” Foreign Minister Laurent Fabius said of a forthcoming European Union decision on whether to grant passport-free movement to these citizens beginning January 1, 2014. His comments came amid fierce debate within France’s ruling coalition over the treatment of the Roma population. Some 20,000 Roma migrants from Romania and Bulgaria live in hundreds of squalid make-shift camps on the outskirts of French cities. Tensions with local communities have made Roma migration a contentious issue ahead of municipal elections next year. Romanian and Bulgarian citizens currently have the right to travel with a passport throughout the Schengen zone, which removes border controls among most EU countries as well as non-members such as Switzerland and Norway. Temporary restrictions that imposed passport checks were put in place when the two countries joined the EU in 2007, and are due to be lifted in January. But each EU country has the right to veto the admission of a member state into the Schengen zone and a vote is expected before the end of the year. Germany said in March that it too opposed the entry of the two countries into the zone. Fabius said France was concerned about the ability of Romanian and Bulgarian authorities to ensure border security. “People coming from outside Europe could enter Romania and Bulgaria and then freely enter the rest of Europe,” Fabius told France Inter radio. “There’s a problem there, we must be sure that Bulgaria and Romania have the means to verify that. “For the moment, it strikes me that those conditions have not been met,” he said.