France’s political and business establishment has hit out against the hegemony of the dollar in international transactions after U.S. authorities fined BNP Paribas $9 billion for helping countries avoid sanctions.
Michel Sapin, the French finance minister, called for a “rebalancing” of the currencies used for global payments, saying the BNP Paribas case should “make us realize the necessity of using a variety of currencies”.
He said, in an interview with the Financial Times on the sidelines of a weekend economics conference: “We [Europeans] are selling to ourselves in dollars, for instance when we sell planes. Is that necessary? I don’t think so. I think a rebalancing is possible and necessary, not just regarding the euro but also for the big currencies of the emerging countries, which account for more and more of global trade.”
Christophe de Margerie, the chief executive of Total, France’s biggest company by market capitalization, said he saw no reason for oil purchases to be made in dollars, even if the benchmark price in dollars was likely to remain. Continue reading
Tag Archives: Aix-en-Provence
Pope Says Church Should Stop Obsessing Over Gays, Abortion
On 9/11 of this year, Pope Francis had also declared to athiests that you don’t have to believe in God to get to heaven.
He couldn’t be more contradictory from lessons and warnings within the written word of God (Bible) that he is sworn to live and lead by. Here are a few examples:
- 1 Timothy 1:19-20
- Titus 1:16
- 2 Peter 2:1-3
- Revelation 2:20-22
Under this pope, is without question and now official that Apostasy has entered the Vatican/Roman Catholic Church, today’s Holy Roman Empire — among many others.
See also: Pope: ‘I have never been a right-winger’
Pope Francis said the Catholic Church shouldn’t be “obsessed” with preaching about abortion, gay marriage and contraception and should instead try to reach out to a broader congregation.
“It is not necessary to talk about these issues all the time,” Francis told the Catholic publication, La Civilta Cattolica. “We have to find a new balance; otherwise even the moral edifice of the Church is likely to fall like a house of cards, losing the freshness and fragrance of the Gospel.” Continue reading