Arab Today, arab today french ministers face firstever assets declaration
Last Updated : GMT 18:18:50
Arab Today, arab today
Arab Today, arab today

French ministers face first-ever assets declaration

Arab Today, arab today

Arab Today, arab today French ministers face first-ever assets declaration

Paris - AFP

French ministers will for the first time on Monday disclose their personal wealth, in a move President Francois Hollande hopes will restore confidence in his scandal-hit Socialist government. With the economy stagnant, unemployment on the rise and the government slashing spending, senior officials admit the move is risky and could create resentment by unmasking several millionaire ministers. But the government has pushed ahead in the hopes the measure will help turn the page on a damaging scandal over tax fraud charges laid against ex-budget minister Jerome Cahuzac after he admitted having a secret Swiss bank account. The assets of 37 ministers and of Prime Minister Jean-Marc Ayrault, originally due at 1500 GMT Monday, will now be published online at 1700 GMT -- a delay the government said was to ensure proper security and access. The move has sparked widespread debate in France, where personal finances are rarely discussed and -- unlike in the United States where politicians often publish their tax returns -- the wealth of public officials has long been considered a private matter. Lawmakers on both the right and left have decried the move and the government expects a tough battle when it attempts to have the disclosure rule extended to parliamentarians in a bill to be introduced on April 24. The head of the main opposition right-wing UMP, Jean-Francois Cope, said Monday that the measure would only "create tensions" in French society. "The only consequence of all of this voyeurism will be that a certain number of people -- businesspeople, artisans, professionals -- will no longer want to engage in public life," he told BFMTV. Close scrutiny is expected to fall on several ministers suspected of having significant wealth, including Foreign Minister Laurent Fabius, a well-known art-lover whose father was an antiques dealer. The minister for the elderly, Michele Delaunay, on Monday disclosed family assets of 5.4 million euros ($7 million), recognising that her wealth would put her in an uncomfortable position. "It is significant wealth. And it will be difficult to understand for the majority of the French, who are facing hard times," she said in an interview with the daily Sud-Ouest. Delaunay, the former head of a cancer clinic, said she and her husband had acquired their four homes and significant savings over lifetimes of work as well as through inheritance. She said revealing their assets had been a "real challenge" but that she supported the disclosure measure. "It is probably a necessary step toward a real battle against tax evasion and fraud," she said. "If we had not taken it, in the context of Cahuzac, it may have been seen as a desire to protect certain people." Other ministers have also already come forward with their declarations. Health and Social Affairs Minister Marisol Touraine said her declaration will show about 1.4 million euros in assets, based primarily on several properties in Paris. Others have made more modest declarations, including Culture Minister Aurelie Filippetti, who said she owns a 70-square-metre (750-square-foot) flat in Paris where she lives and, jokingly, a David Beckham T-shirt. Industrial Renewal Minister Arnaud Montebourg declared owning a designer lounge chair worth about 4,000 euros, while Housing Minister Cecile Duflot, of the Greens, declared a 168,000 euro home and two cars, including a 14-year-old Renault Twingo. Hollande himself will not be making a new declaration as he already released details of his wealth when elected president. At the time he declared 1.17 million euros in assets, including a house in the southern town of Mougins and two apartments in Cannes, though he is still paying 1,500 euros a month on loans. The declarations are part of a package of transparency and anti-fraud reforms put forward by Hollande in a bid to tackle the Cahuzac scandal, which has further damaged the image of an administration already languishing in public opinion polls. Cahuzac, once the minister responsible for fighting tax evasion, was charged with tax fraud earlier this month when he admitted -- after repeated denials -- to having the undeclared foreign bank account containing some 600,000 euros.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french ministers face firstever assets declaration Arab Today, arab today french ministers face firstever assets declaration

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom,China plunges into biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom,China plunges into biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 05:34 2017 Monday ,27 February

Brexit sows seeds of doubt for British farmers

GMT 06:38 2017 Sunday ,26 February

US rig count increases

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Humans spark most US wildfires

GMT 14:58 2017 Tuesday ,28 February

Humans spark most US wildfires
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Final Phantom VII signals end of an era

GMT 14:31 2017 Tuesday ,28 February

Final Phantom VII signals end of an era
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday