The violation by BNP Paribas of American embargo rules was very expensive in June. The fine of nearly $ 9 billion paid by the bank in the United States highlighted the current account deficit in France to € 7.4 billion in June
“Primary and secondary income would be stable without consideration, secondary income, penalty of BNP Paribas in the United States, which increases exceptionally the current account deficit” says Bank France.
Without the fine BNP, a deficit of 3.1 billion euros
Without “extraordinary transaction” , the total deficit would have been 3.1 billion euros, from 3.3 billion in May (-3.1 billion announced in the first estimate.)
In June, the exchange of goods, which include the January merchanting formerly classified in services, were most affected. They are loss of 3.9 billion euros after -3.6 billion in May
The balance of services was positive for its 1.9 billion from 1.4 billion in May . Primary earnings reach $ 2.8 billion in May and as second income against -8100000000 -3800000000 in May
Positive balance for French investments abroad
The financial account in June showed a net outflow of direct investment of 0.4 billion euros after 5.6 billion outflows a month earlier.
The balance of French investments abroad was positive to the tune of 1.2 billion and the investment of non-residents in France was positive $ 1.6 billion.
Portfolio investment recorded net outflows capital of 7.0 billion. Other investments (loans and bonds) recorded net inflows of EUR 28.1 billion.
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