Tuesday 14 June 2011

French Banks Share ECB Fears Over Greek Restructuring

By Lionel Laurent and Matthieu Protard

(Reuters) - French banks share the European Central Bank's concerns over a potential restructuring of Greece's sovereign debt, the head of the French Banking Federation told Reuters on Tuesday, adding they had not been approached on the topic.

"We have not been approached yet on the topic (of a Greek restructuring) ... But we share the concerns clearly expressed by the European Central Bank," Francois Perol, said on the sidelines of a parliamentary hearing.

France's banks also feel any proposal should treat market participants equally, said Perol, who is also chairman of lender BPCE, parent of Natixis (CNAT.PA).

"We consider these are bonds that are traded on a market ... Whatever is decided upon requires an egalitarian treatment, I would say, of market participants."

No comments:

Post a Comment