France says BNP Paribas' $10 bln U.S. fine "unreasonable"

PARIS, June 3 Tue Jun 3, 2014 2:14am EDT

PARIS, June 3 (Reuters) - France's foreign minister said on Tuesday his country would defend the interests of French bank BNP Paribas PA> after it faced the prospect of a $10 billion-plus fine from the United States and called the penalty "unreasonable."

"The fine has to be proportionate and reasonable," Laurent Fabius said on France 2 television. "These figures are not reasonable."

Fabius said the United States should deal with the issue as partner and not unilaterally.

(Reporting By John Irish; editing by Dominique Vidalon)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.