Tuesday, June 28, 2011

Euro crisis -European banks

UP TO 15 OF 91 BANKS EXPECTED TO FAIL EU-WIDE STRESS TESTS - EURO ZONE SOURCES-
 FIRST OPTION IS 30-YEAR FINANCING TO GREECE WITH PRINCIPAL GUAR-
ANTEED BY SPV -DRAFT FRENCH PROPOSAL                           
 CONDITIONAL ON INFORMAL CLEARANCE FROM RATING AGENCIES THAT THE
PROPOSAL WILL NOT TRIGGER DOWNGRADE TO DEFAULT OR SIMILAR ON THE
HELLENIC REPUBLIC, EXISTING OR NEW BONDS -DRAFT FRENCH PROPOSAL
GREEK DEBT PLAN MUST HAVE FLEXIBILITY TO MAXIMIZE INVESTOR
PARTICIPATION, OFFER MULTIPLE OPTIONS TO BONDHOLDERS -DRAFT    
FRENCH PROPOSAL                                                
                                                               

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