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The European response to legal and financial penalties imposed on the BNP is imminent. One could even say that it has already arrived in 1957.

At the end of the Second World War the Allies realized that the Franco-German rivalry that had already resulted in three wars in less than a century should be permanently stopped.

 A thorough study of different options to extinguish this wildfire, resulted in these different parties to create a European Economic Union (in addition to the ECSC Coal and Stee...

The incredible amount of $10 billion that the BNP will pay the U.S. financial authorities which have violated U.S. restrictions on international funding dollars with embargoed countries of the United States between 2008 and 2009.

 This exceptional situation raises several questions:

 The first question relates to the jurisdiction which is subject to the BNP, as did the other French banks, like all non-US banks worldwide. This is a question of territorial and legal jurisdiction of U.S. law. With w...

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