Transaction Tax at Odds With French Euronext Call, Perol Says

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Groupe BPCE Chairman Francois Perol said he sees a contradiction between French Finance Minister Pierre Moscovici’s call for support for the Paris stock exchange and Europe’s planned financial transaction tax.

Moscovici today urged the Paris financial community to defend its collective interest as IntercontinetnalExchange Inc. prepares to buy NYSE Euronext and spin off its European equity-trading business.