Tuesday, April 16, 2013

French ministers disclose personal wealth for first time...

Several "socialist" ministers are millionaires...

He once famously declared: "I don't like the rich". But French president François Hollande may have to review that opinion after seven government ministers declared assets of more than a million euros and one a large stake in an auction house.

In an unprecedented move, some 38 ministers were forced to disclose their assets for the first time as part of Mr Hollande's drive to shake off a tax fraud scandal.

Leading the ministerial "Full Monty" – as some dubbed the wealth league table posted on the government website on Monday night – was foreign minister Laurent Fabius, heir to an art fortune.

With net assets worth more than six million euros, Mr Fabius declared a Paris flat worth 2.75 million euros, two country homes in Normandy and the Ariège and a 1.2 million-euro stake in the Piasa auction house. The art collector also declared owning 630,000 euros in various items thought to include artworks and furniture. Curiously, however, he declared no vehicle and was 30,000 euros in the red one of his bank accounts. Full story...

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  5. French police raid Paris home of IMF chief Christine Lagarde...
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