Support the Wall Street Examiner! Choose your level of support to receive a free proprietary report as my thanks. Click the button below to see your options. Become a Patron!

Rumors of a Greek Default / French banks to be downgraded

Saturday, September 10, 2011
Greece Update
by CalculatedRisk on 9/10/2011 06:25:00 PM

There was a rumor on Friday that Greece would default this weekend. That seems very unlikely, although Greece is running out of time. Also there are quite a few protests going on in Greece today.
On France from Reuters: French banks braced for credit-rating downgrade-sources

France’s top banks are bracing themselves for a likely credit rating downgrade from Moody’s … Several sources said on Saturday that BNP Paribas , Societe Generale and Credit Agricole were expecting an “imminent” decision from the ratings agency, which first put them under review for possible downgrade on June 15.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.