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Davos Debate: Getting a fair share from multinationals (part 2)

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THE DEBATE

Davos Debate: Getting a fair share from multinationals (part 1)

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EYE ON AFRICA

Adama Barrow sworn in as President, Ecowas forces enter Gambia

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BUSINESS DAILY

DAVOS 2017: Trump 'could hit the ball out of the park'

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BUSINESS DAILY

DAVOS 2017: May's Brexit plan 'not realistic'

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THE DEBATE

Showdown in Gambia: Foreign troops at border as Jammeh refuses to go (part 1)

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THE DEBATE

Showdown in Gambia: Senegalese troops enter Country as Jammeh refuses to go (part 2)

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PEOPLE & PROFIT

Davos 2017: Global leaders try to understand populist surge

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BUSINESS DAILY

DAVOS 2017: What next for the global healthcare industry?

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France

Parliament votes to guarantee euro bailout fund

Text by FRANCE 24 (with wires)

Latest update : 2010-06-03

French MPs have voted to adopt a plan to bailout the euro, as formulated with the euro zone’s 16 countries in early May. Under the plan, France would have to guarantee 111 billion euros to support the European currency.

France’s upper house of parliament definitively approved Thursday a supplementary budget giving the green light to the country providing 111 billion euros as a guarantee to safeguard the euro.

The Senate passed the plan by 309 votes to 24. The vote approved France’s contribution to a bailout package agreed to by the leaders of the 16 euro zone countries on May 9.
 
France’s National Assembly (France’s lower house) had earlier backed the plan in a vote Monday.
 
On May 9, European finance ministers had agreed on a 500 billion euro fund to ensure the euro’s stability, with a further 250 billion being contributed by the IMF.

Date created : 2010-06-03

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