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POLITICS

Hollande: I’ll tear up EU fiscal pact

French Socialist flag-bearer Francois Hollande, the opposition candidate seen as favourite to unseat President Nicolas Sarkozy in May, said Monday he would renegotiate last week's EU fiscal pact.

Hollande: I'll tear up EU fiscal pact

Hollande said if elected he would seek to persuade his European partners to issue joint eurobonds to pool their sovereign debt, to allow greater European Central Bank intervention on bond markets and to agree stimulus measures.

All of these measures were explicitly opposed by European heavyweight Germany in the run-up to last week’s hard-fought deal, which serving EU leaders hope will stabilise the debt-ridden eurozone economy.

Hollande’s Socialists have accused France’s right-wing leader Sarkozy of capitulating to German pressure, while he has accused them of undermining French policy by talking down his deficit reduction plan.

Asked on RTL radio whether he felt bound by the deal Sarkozy signed last week, under which EU states will submit to tight mutually-enforced spending controls, Hollande told RTL radio: “We’ll see.”

The detail of the pact has yet to be agreed and EU leaders aim to agree the new plan by March, meaning it will largely fall to the winner of France’s two-round April and May election to enforce its end of the bargain.

“If I’m elected president I’ll renegotiate this deal to include what is missing today,” Hollande said, adding that he hoped France would not lose its top “Triple-A” debt rating between now and the poll.

“I’d see to it that we add … ECB intervention, eurobonds and a financial bail-out fund to respond to what is today the pressure of the markets, and, finally, what we need is growth,” Hollande argued.

Hollande said he would work with a new French parliament due to be elected in June to draw up a plan aiming to eliminate the budget deficit by 2017.

Sarkozy’s government has vowed to balance the books by 2013.

Sarkozy has begun to make up ground on his challenger, but all opinion poll organisations still predict a Hollande win in the second round of voting.

POLITICS

8 things you never knew about Andorra

The tiny statelet nestled in the Pyrenees mountains that mark the border between France and Spain hit the headlines with its new language requirement for residency permits – but what else is there to know about Andorra?

8 things you never knew about Andorra

This week, Andorra passed a law setting a minimum Catalan language requirement for foreign residents

It’s not often the tiny, independent principality in the mountains makes the news – other than, perhaps, when its national football team loses (again) to a rather larger rival in international qualifying competitions.

The national side are due to play Spain in early June, as part of the larger nation’s warm-up for the Euro 2024 tournament in Germany. Here, then, in case you’re watching that match, at Estadio Nuevo Vivero, are a few facts about Andorra that you can astound your fellow football fans with…

Size matters

Small though it is – it has an area of just 468 square kilometres, a little more than half the size of the greater Paris area – there are five smaller states in Europe, 15 smaller countries in the world by area, and 10 smaller by population.

People

Its population in 2023 was 81,588. That’s fewer people than the city of Pau, in southwest France (which is itself the 65th largest town in France, by population).

High-living

The principality’s capital, Andorra la Vella (population c20,000 – about the same population as Dax) is the highest capital city in Europe, at an elevation of 1,023 metres above sea level. 

Spoken words

The official language – and the one you’ll need for a residency permit – is Catalan. But visitors will find Spanish, Portuguese and French are also commonly spoken, and a fair few people will speak some English, too.

Sport

We’ve already mentioned the football. But Andorra’s main claim to sporting fame is as a renowned winter sports venue. With about 350km of ski runs, across 3,100 hectares of mountainous terrain, it boasts the largest ski area in the Pyrenees.

Economic model

Tourism, the mainstay of the economy, accounts for roughly 80 percent of Andorra’s GDP. More than 10 million tourists visit every year.

It also has no sales tax on most items – which is why you’ll often find a queue at the French border as locals pop into the principality to buy things like alcohol, cigarettes and (bizarrely) washing powder, which are significantly cheaper.

Head of state

Andorra has two heads of state, because history. It’s believed the principality was created by Charlemagne (c748 – 814CE), and was ruled by the count of Urgell up to 988CE, when it was handed over to the Roman Catholic Diocese of Urgell. The principality, as we know it today, was formed by a treaty between the bishop of Urgell and the count of Foix in 1278.

Today, the state is jointly ruled by two co-princes: the bishop of Urgell in Catalonia, Spain and … the president of France, who (despite the French aversion to monarchy and nobility) has the title Prince of Andorra, following the transfer of the count of Foix’s claims to the Crown of France and, subsequently, to the head of state of the French Republic. 

Military, of sorts

Andorra does have a small, mostly ceremonial army. But all able-bodied Andorran men aged between 21 and 60 are obliged to respond to emergency situations, including natural disasters.

Legally, a rifle should be kept and maintained in every Andorran household – though the same law also states that the police will supply a firearm if one is required.

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