Tag Archives: Breaking – France On The Edge As Credit Agricole Sells Emporiki – … For One Euro

John Ward – Breaking – France On The Edge As Credit Agricole Sells Emporiki – … For One Euro – 17 October 2012

That’s a loss of €2bn, but cheap at twice the price given the liabilities and derivatives nightmare.

As flashed in Smoke Signals yesterday, France is on the edge. The Slog posted:

‘Emporiki Bank and the unpleasant George Provoloupolos at the Bank of Greece are also implicated here. I sense I must post now (9.15 BST 16.10.12) as there are signs that this new bombshell is about to break cover.’ Continue reading