France's Hollande blasts U.S. for huge fines on corporate Europe

France's Hollande blasts U.S. for huge fines on corporate Europe
 

French President Francois Hollande on Wednesday accused the United States of abusing its power when it demands multi-billion dollar fines from European companies while shielding its own firms, stoking an increasingly bitter trans-Atlantic dispute.
In an interview to a French magazine six months before a presidential election, Hollande said the fines - most recently a possible $14 billion (£11.42 billion) penalty for Germany's Deutsche Bank fine for selling toxic mortgage-backed securities in the United States - were one reason why he could not support a European free-trade deal with the... read more

 
12 October 2016 in Business, Views: 41
Source: Reuters
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