MEP Aurore Lalucq believes that Paris did everything in its power to scupper a reform that would have favored Frankfurt for the clearing of euro-denominated interest rate swaps. How did it come to this? Did France act in retaliation for Berlin's obstruction of key issues, at the risk of penalizing the European Union?
Revision of the EMIR regulation: a new illustration of Franco-German tensions

The revised EMIR regulation is due to be voted on in Strasbourg during the April 22-25 session. (Credit: European Parliament)