French Socialist Finalists Seek Greater State Control of Banks

Published on Bloomberg Businessweek, by Helene Fouquet, October 13, 2011.

The two finalists in the battle for the Socialist Party’s nomination in the French presidential vote said the state must take greater control of banks and called for increased regulation of global financial transactions. 

The finalists’ hardening stance shows they are endorsing demands by Arnaud Montebourg, who came in third in the first round of the nomination vote on Oct. 9 and whose support they need. Montebourg, who advocates “de-globalization,” has called for a move toward re-nationalizing French banks and for increased financial regulation. He sent Hollande and Aubry a letter dated Oct. 10 asking them to take his demands on board … //

… Hollande, the former head of the Socialist Party, is leading the race. Segolene Royal, the French 2007 Socialist presidential candidate, called on her supporters yesterday to vote for Hollande in the second round. Montebourg may reveal today which of the two candidates he supports. (full text).

Liens:

Martine Aubry on en.wikipedia, on City Mayors;
on fr.wikipedia, with its External links;
and on her personal fr.website;

François Hollande on en.wikipedia, with its External links;
on fr.wikipedia, with its External links;

French Socialist party: contenders once more, on The Guardian, October 9, 2011;

Arnaud Montebourg on en.wikipedia, with its External links;
on fr.wikipedia, with its External links;

Jean-Luc Mélenchon on en.wikipedia, with its External links;
on fr.wikipedia, with its External links;
and chez Bourdin 2012, sur BFM TV, 20.47 minutes;

Ségolène Royal on en.wikipedia, with its External links;
and on fr.wikipedia, with its External links.

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