France Working on Contingency Bank Stakes Plan, Figaro Says
By David Whitehouse -
2011-10-06T06:07:59Z
France is working on a contingency plan to take stakes in the country’s banks, Le Figaro reported, citing an unidentified person familiar with the matter.
The country’s state holding agency is working on the plan which would involve two or three unnamed banks, the newspaper said.
Le Figaro added that the country’s economy ministry denied that any refinancing of banks was being considered.
To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net
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