Menu Close

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.

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

Follow by Email