Bank of France

Amidst a political crisis, France continues to swirl with Macron’s efforts to forge alliances, as the early parliamentary elections have caused strong reactions in the country’s political landscape, weakening the power of the French president, according to Bloomberg.

Former European Commission President Jacques Delors died on Wednesday at the age of 98.

A pivotal figure in European politics, Delors served as France's Finance Minister under François Mitterrand in 1981 and later became a key architect of European integration.

Eurozone countries must set aside national concerns about exposure to risks from other countries' banks and build a shared bank deposit insurance system, International Monetary Fund chief Christine Lagarde said on Thursday.

Bitcoin is a speculative asset and people who invest in it do so at their own risk, the Bank of France Governor Francois Villeroy de Galhau warned on Dec. 1 after recent volatile trading.

Italian Prime Minister Matteo Renzi has resigned after suffering a heavy defeat in a referendum over his plan to reform the constitution.
In a late-night news conference, he said he took responsibility for the outcome, and said the No camp must now make clear proposals.
With most ballots counted, the No vote leads with 60% against 40% for Yes.

A reshuffle of Greece's team handling talks with European and IMF lenders, widely seen as an effort to relegate Finance Minister Yanis Varoufakis, could help discussions, Bank of France chief Christian Noyer said on Tuesday.

The United States could impose a USD 10 B penalty on French bank BNP Paribas for violating sanctions against Iran, Cuba, and Sudan.

If this is to happen, it will be the highest ever penalty imposed on a bank, by a margin of over USD 8 B, the Wall Street Journal reported.