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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.
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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.

http://www.calculatedriskblog.com/2011/09/greece-update.html

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