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EU hopes for 'fair' US action in French bank case

EU commissioner for Internal Market and Services Michel Barnier arrives for a state dinner at the Elysee presidential palace in Paris, on June 6, 2014The European Union hopes the United States will be “fair” in its treatment of BNP Paribas over the French bank’s alleged US sanctions violations, a senior EU official said Thursday. The EU’s internal market and services commissioner, Michel Barnier, said that Brussels was following developments in the US case against France’s largest bank, which reportedly might have to pay at least $10 billion in fines to resolve the accusations. “Given the importance of this case and the importance of this bank… we are closely following the situation and we simply wish that this affair be handled in a proportionate, fair and objective manner,” Barnier said at a news conference in Washington. The bank is accused of breaking sanctions against Iran, Sudan and Cuba between 2002 and 2009 by carrying out dollar transactions with them, but such cases are usually the subject of negotiations with US judicial officials.

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