Tuesday, September 13, 2011

French Banks

French Banks are now in the eye of the financial storm. The government has contingency plans to supply fresh capital or even to nationalize the three top banks: SocGen, Crédit Agricole, and BNP Paribas.

When I began this blog in 2007, this is not what I thought I would be writing in 2011.


Won, Philippe et Raphael said...

it is predictable, as the Greek bonds are now around 85%, so for sure impossible for the greek government to reimburse the debt, and the situation for SG, BNP and CA is ,without doubt, going to evolve into a big storm...
Next step of the general plan to "kill" Europe?

DavidinParis said...

Federal government, federal government, federal...well you get the point.