But a Nov. 9 briefing obtained by The AP details a watered-down proposal that would drop the entire financial sector from the initial law. Spain currently holds the council’s presidency, and is trying to get all the member states to agree on their desired version of the law. A deal on finance was previously supported by all member states, he revealed. A source in the French negotiation team said on the phone, “France supports the exclusion of the financial sector from the scope of the directive. If they agree on them, they will form the basis for the final negotiation with the European Parliament.

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Persons: Banks, there’s, it’s, Richard Gardiner, ”, René, France “, Alban Grosdidier, Grosdidier, Marion Lupin, Romain Hubert Organizations: Associated Press, AP, of, European Union, French, France, “, European Coalition, Corporate Justice, Climate Economics, EU, Parliament Locations: Spain, Dutch, France, “ France, Europe, Paris