Thursday, November 17, 2011

EU and French banks

A few weeks ago I said that France will have problems with the crisis. Many people have said to me laughingly ' what rubbish'
Well I think I will be the last to laugh.
Momentum is gathering in the press that the French banks are in trouble and it seems Sarkozy has gone quiet.
Also, when the banks were asked to pronounce their requirements for funding from the new agreements made, not many people highlighted the fact that there were several French banks owning up and it amounted to about
Euro 15-20 bln. I suspect alot more but we shall see soon!

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