- Title: FRANCE: French banking shares hammered by Greek debt worries
- Date: 14th September 2011
- Summary: PARIS, FRANCE (SEPTEMBER 13, 2011) (REUTERS) VARIOUS EXTERIORS BNP PARIBAS GLOBAL HEADQUARTERS (4 SHOTS) (SOUNDBITE) (French) MRS BRUNET, A PASSER-BY, COMMENTING ON GREECE: "It's not normal to do what they do. They must change, let them have their own currency. That's all. They should just leave us alone. Where are we going? To a crash." (SOUNDBITE) (French) JERICHO, A PASSER-BY, SAYING: "I think the banks will resist more or less well, because they aren't simply standing on one leg. There are deposits, there's also the investment banking business in the same group, so I think they are better equipped to resist than the other banks that are more specialised." (SOUNDBITE) (French) MRS VAN CAUWENBERGH, A PASSER-BY, SAYING: "I think that all the scandals mixed up together with the crisis, make that we are pretty disgusted. It's just making us all tired. That's the problem. We're turning around in circles so much that we don't have any solutions." VARIOUS EXTERIORS SOCIETE GENERALE IN CENTRAL PARIS (5 SHOTS)
- Embargoed: 29th September 2011 13:00
- Keywords:
- Location: France, France
- Country: France
- Topics: Business,Finance
- Reuters ID: LVA973VZX2ZU3TSWZZAPRG5INGMM
- Story Text: Shares in two of France's most powerful banks came under pressure on Tuesday (September 13), hit by worries about the impact of a Greek debt default many now fear could be inevitable.
Stocks in BNP and Societe Generale fell more than 12 and eight percent respectively on worries linked to the Greek crisis, before rebounding sharply in later trading. BNP denied a report questioning its dollar funding position.
On the streets of Paris, ordinary people viewed the mayhem on markets with a mixture of dismay and impatience.
"It's not normal do do what they do. They must change, let them have their own currency. That's all. They should just leave us alone. Where are we going? To a crash," said one passer-by, who gave her name as Mrs Brunet.
Others voiced impatience at a situation they neither understood nor could control.
"I think that all the scandals mixed up together with the crisis, make that we are pretty disgusted. It's just making us all tired. That's the problem. We're turning around in circles so much that we don't have any solutions," said another, who gave her name as Mrs Van Cawenbergh. - Copyright Holder: REUTERS
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