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After key battle, Syrian town of Kobane looks to the future

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THE INTERVIEW

'War is not an option,' says former FARC guerrilla leader

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EYE ON AFRICA

Madagascar political crisis: top court orders formation of unity government

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MEDIAWATCH

Ireland's abortion referendum

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THE WORLD THIS WEEK

Weinstein in court; Ireland abortion vote; Italy's populist takeover

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YOU ARE HERE

Sugar and spice: The flavours of the French Caribbean

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FRENCH CONNECTIONS

The French are so rude! Or are they?

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ENCORE!

The writing's on the wall: Revolutionary posters from May 68

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REPORTERS

'We heard there might be a civil war': May 68 seen from abroad

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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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