France will contribute 15 billion euros to the 160 billion euro plan that was approved in July. [France Keeps Triple-A Rating but ETF Declines]
Meanwhile, France is working on adding a tax to all financial transactions, which would be a practice adopted by other Eurozone countries. William Horobin for The Wall Street Journal explains that the Eurozone countries are working on a tax for trading shares and bonds. France and Germany are already backing the notion.
“We wouldn’t weaken European markets and we would bring in between 20-40 billion euro,” Jean Leonetti, France’s European affairs minister, said. The idea would work best if all G20 nations adopted the practice, but if that doesn’t happen, the Eurozone will go it alone, he said.
iShares MSCI France
Tisha Guerrero contributed to this article.