Actually, I'm surprised that the French are not insulted by the move. Google is not admitting any guilt about "stealing content". Google is saying that French media companies need "development aid", like a Internet Third World country. In other words, Google is not the problem, the French media organizations are, because they have yet to understand this newfangled Internet thingie.
So I wonder where this money will actually be spent . . . ? First a few big lavish kick-off parties for the heads of the media companies and politicians. Then, fund a few big studies at French research institutes, like INRIA.
Poof! That 60 € million is gone, and nobody is the wiser.