Brussels, 01/07/2014 (Agence Europe) - On Tuesday 1 July, the European Commission took note of the heavy fines levied by the US justice system on French bank BNP Paribas for breaking the trade embargos on countries like Iran and Cuba (see EUROPE 11095).
Chantal Hugues, a spokeswoman for EU Internal Market Commissioner Michel Barnier, said that the fines are exceptionally high and match the exceptional nature of the infringements. She said the bank, the biggest bank in the eurozone, had...