Paris

BNP Paribas pays 14.5 billion euros for troubled Fortis

BNP Paribas pays 14.5 billion euros for troubled Fortis Paris  - French bank BNP Paribas will pay 14.5 billion euros (19.7 billion dollars) to take over the majority of the troubled insurance and banking giant Fortis in Belgium and Luxembourg, BNP Paribas said on Monday.

The deal, which involves 9 billion euros worth of shares and 5.5 billion euros in cash, includes the purchase of 75 per cent of Fortis from the Belgian government and 16 per cent of Fortis Luxembourg, which raises BNP's stake in the Luxembourg segment of Fortis to 67 per cent.

Paris Bourse follows other markets sharply down

Paris  - In the wake of share price plunges on stock markets around the world, the Paris Bourse opened sharply lower on Monday.

Israel "will eat" Iran - French minister's English causes confusion

Israel FlagParis - The difficulties the French have in pronouncing the letter "h" landed the country's foreign minister, Bernard Kouchner, in hot water.

Israeli media quoted the minister as saying Israel "will eat" Iran if the Islamic Republic gained possession of nuclear weapons, prompting Kouchner's office to issue a statement of clarification on Sunday.

Kouchner wanted to say in an interview given in English that Israel would "hit" Iran if it developed nuclear weapons. But journalists apparently mistook his pronunciation of "hit" for "eat," the statement said.

French group rejects plans to oust it from deportation centres

Paris - Aid organization CIMADE, the only group allowed access to French deportation centres, on Sunday rejected a plan by the Immigration Ministry to restrict its mandate.

"We intend to continue the defence of foreigners in deportation centres," the organization said in a press release in Paris.

CIMADE regularly publishes reports critical of conditions in deportation centres and has complained in recent months of violence used against deportees.

Immigration Minister Brice Hortefeux had recently announced that CIMADE's contract for legal aid would be withdrawn and given to several organizations.

CIMADE said it suspected that the move was an attempt by government to suppress criticism.

France to "surpass" target of 26,000 deportations in 2008

Paris, FranceParis- France's Immigration Ministry said Saturday that it would surpass its target of 26,000 deportations this year, Le Monde newspaper on Saturday.

In the first half of 2008, more than 17,200 foreigners who had no right to stay in France had been deported.

The ministry has a budget of 42 million euros (58 million dollars) for deportations in 2009, the report said, or 2,200 euros per case.

In 2009, France would also increase the number of places in deportation centres from 1,500 to more than 2,000, the report said.

Four EU leaders to meet later Saturday on finance crisis

EUParis - The leaders of the four EU members belonging to the G8 group of leading industrial nations were set to meet later Saturday in Paris to discuss a common European response to the global finance crisis.

The mini-summit was called by French President Nicolas Sarkozy, as current EU president, and will be attended by German Chancellor Angela Merkel, British Prime Minister Gordon Brown and Italian Prime Minister Silvio Berlusconi.

Pages