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Rogues a-plenty at UN General Assembly

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TALKING EUROPE

'The door is open for dialogue with Madrid,' says Carles Puigdemont

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THE DEBATE

Iran's rebuttal: Tehran answers Trump and Netanyahu

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MIDDLE EAST MATTERS

Kurdish independence referendum: What impact on the region?

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THE INTERVIEW

Iraqi Kurdistan FM: 'We are determined to go ahead' with independence vote

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FOCUS

Are universities in Pakistan becoming a breeding ground for terrorism?

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ENCORE!

Film show: 'It', 'Loveless', 'Nothing to Hide' and 'The Party'

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THE INTERVIEW

Save the Children CEO on Rohingya crisis: 'Children are being shot at'

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BUSINESS DAILY

British PM expected to make offer to Brussels in upcoming speech

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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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