Will France Set a Legal Precedent on Repayment Reconsideration from Tsarist Russia Era?

In France, Francis Vercamer, a deputy of the National Assembly of France recently asked to clarify the Russian repayment of bonds from the Czarist Russia period in the 1800s. The French invested in the railroad bonds backed by the gold standard. The bonds were issued during the railroad construction boom in the latter part of the 1800s. In January 1857 Alexander II signed into law the start of building railroads to connect a multitude of the Russian regions.

New French Law to Enable Lesbians, Single Women Access to In Vitro Fertilization

France’s government under the stewardship of president Emmanuel Macron has drafted a law on bioethics. The law includes broadening the list of people who can have access to treatments such as artificial insemination and in vitro fertilization. Single women of any sexual orientation will no longer have to travel abroad to have children. The proposed law if passed would give them access for the first time to assisted reproduction medical techniques.

Creation of the “RED TEAM”- France’s Defense Forces Are Forging Ahead

Europe will not gamble on any uncertainty in NATO. Large EU economies are putting forth a tangible effort towards sovereign and continental defense outside of their historic NATO contributions and technology is one of their focuses. Although these new efforts pale in comparison to the combined NATO size and budget, they are a sign that sovereign defense still matters in the Eurozone. One such “startup” defense initiative is France’s DIA.

France Approves Digital Tax on Google and Facebook

France’s parliament approved legislation to impose a three-percent tax on Internet and technology companies like Google and Facebook to re-establishing financial justice, says Justice Minister Bruno Le Mayer. The 3% tax will be levied on the sales of multinational companies in France. The French Senate passed a new tax on Thursday, one week after the National Assembly approved it.

Ecotax: France Wants to Make Airline Tickets Up to 18 Euros More Expensive

Airline tickets in France will become more expensive in the future and such revenue will be invested in rail infrastructure. This eco-tax applies from 2020, but certain air connections are excluded.

France will introduce an eco-tax on airline tickets from next year. The tax will be 1.50 € and 18 € per ticket, Transport Minister Elisabeth Borne announced. The government expects a revenue of more than 180 million euros annually.

She Might Become the Most Powerful Person in Europe and You’ve Never Heard of Her Before?

No she is not in charge of Germany or a major country but she will soon be in charge of the European Central Bank– the European version of the United States Federal Reserve. Her name is Christine Lagarde and she has won European Union support to become the first female President of the European Central Bank (ECB). It will be the first time a women has been placed in charge of all European banking, as the ECB is one of the largest financial institutions in the World.

Deadly Fire in Paris, Three People Killed – 30 People with Injuries

A fire broke out in Paris’ eleventh arrondissement this Saturday around 5 am. Three people lost their lives.

A terrible fire in Paris’ 11th arrondissement.

According to news sources, around 5 am, a fire broke out in a building at Rue de Nemours in Paris’ 11th arrondissement. The toll is heavy with at least three people have been killed and one person in serious condition, firefighters announced.

Value of Negative Yielding Debt Hits Record $12.5 Trillion – Indicating European Troubles

A negative interest rate definition:  The issuer (for example a bank) will charge negative interest. Instead of receiving interest on the deposit funds, depositors must pay regularly, or have negative interest rates deducted, to keep their money with the bank. This is intended to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe.

European Elections: A Shrinking Center Facing Trouble

Voters delivered a few pleasant surprises for some groupings, and a couple of bitter disappointments for others, in elections to the European Parliament Sunday. Perhaps the biggest surprise of all was turnout: more than 50% of the European Union’s 400 million voters did so this weekend. Sunday marked the first election since 1979 in which turnout actually increased. Various pro-EU factions still command a strong majority in the 751-seat Parliament. However, for the first time in 40 years, the EPP and S&D governing coalition has lost its majority.