Workers demonstrate outside PSA Peugeot Citroen headquarters in Paris last week. The maker of two-thirds of France’s cars is in a tailspin as a deepening recession in many markets in Europe takes its toll on its business. New French President Francois Hollande’s amended 2012 budget will tax the rich and large companies before spending cuts are considered while sweeping away many measures of the previous administration aimed at shaking up the labor market. (Associated Press)