A nation left transfixed by the battle of the banks

Article Abstract:

The proposed merger of French banks Paribas, Societe Generale and Banque Nationale de Paris would form the largest bank in Europe, with assets of 14 billion pounds sterling. The conflict over this merger has been intense, reflecting the pressure on France to adapt to the new European and world economic systems at a time when it still wishes to retain its uniqueness. It is possible that one, or all, of the banks concerned may now come under foreign management.

Commercial Banks, Commercial Banking, Asset sales & divestitures, Acquisitions & mergers, Banking industry, Management, Column, Societe Generale S.A., Banque Nationale de Paris (Paris, France), Paribas S.A.

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'Could France profane the rest of men to whom we owe our very existence?'

Article Abstract:

The French government has decided to construct a 3.5 billion pounds sterling intercontinental airport 80 miles of Paris, France, in the Somme region. This threatens the future of the Rosieres British Cemetery, where 60 British and Commonwealth soldiers who died in the first world war are buried. The airport boundary would also include a larger cemetery with 6,523 French graves and six British ones.

Government expenditures, Industrial Nonbuilding Structure Construction, Airports Construction, Airports, Monuments, Airport construction, World War I, 1914-1918

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Eurozone coaxes savers to spend old cash hoards

Article Abstract:

Many French people are using up hidden reserves of francs in the run-up to the introduction of the euro. This money is being converted into items including property, holidays and antiques. A similar trend is being seen in other European countries.

Administration of General Economic Programs, International economic relations, Intnl Economic Policy, Economic policy, Euro (Currency), European Monetary System

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