Riders at the Tour de France know to expect the unexpected. But nothing could have prepared them for the mayhem that turned the first stage of the 100th Tour into a demolition derby on two wheels, including a crash that set off a chain of spills.
A report say that France will pursue 14 billion euros ($18.2 billion) in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015. France's Socialist government aims to tame the deficit by trimming ministerial budgets, cutting state aid to companies and reducing local government funding. With the economy back in a shallow recession, jobless claims at an all-time high and his approval ratings around 30 percent, President Francois Hollande has been reluctant to accelerate the cuts.
French President Francois Hollande said on Friday that it was up to PSA Peugeot Citroen shareholders and executives to set out plans for the company's future, and only then could the state offer its view. "First, it's up to the shareholders and Peugeot's managers to comment," Hollande told journalists after an EU summit in Brussels. "I leave it up to the shareholders and the managers to make a statement. Then the state can make a statement."