France

Franco-German efforts fail to satisfy markets

MILAN — Global stocks fell Wednesday in a downbeat appraisal of a Franco-German summit that failed to persuade investors that a convincing fix to the eurozone's spiraling debt crisis was imminent.

FILE - In a July 26, 2011 file photo, IMF Managing Director Christine Lagarde addresses a gathering at the Council on Foreign Relations in New York. A French court on Thursday, Aug. 4, 2011 ordered an investigation into new IMF chief Christine Lagarde's role in a much-criticized $400 million arbitration deal in favor of a controversial tycoon. (AP Photo/Richard Drew, File)

French court orders probe of IMF chief Lagarde

PARIS -- A French court on Thursday ordered an investigation into new IMF chief Christine Lagarde's role in a much-criticized $400 million arbitration deal in favor of a controversial tycoon.

French Prime Minister Francois Fillon, left, speaks with France's Foreign Affair Minister Alain Juppe during a debate on the French intervention in Libya at the National Assembly in Paris, Tuesday, July 12, 2011. France's foreign minister said Tuesday Paris has had contact with emissaries from Moammar Gadhafi who say the embattled Libyan strongman is "prepared to leave."(AP Photo/Jacques Brinon)

France: Gadhafi ready to go

PARIS -- France's foreign minister said Tuesday Paris has had contact with emissaries from Moammar Gadhafi who say the embattled Libyan strongman is "prepared to leave."

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