This is a very interesting story reported in the FT. Check it out!
What really caught my attention was the following comment in the FT article:
Personally, I was encouraged that three major Greek banks are ready to go head-to-head to buy Credit Agricole’s Greek subsidiary. Clearly the Greek banks think that it’s a good investment, so perhaps they can see better times ahead in Greece?
Clearly for Credit Agricole and the French Government, the $23bn of dodgy Greek loans are a major embarrassment.
What do you think of this story?