SureTrader Advertisement PRTC
Home > Boards > Forex > Currency Pairs > EURO/USD (EURUSD)

BNP Paribas says crisis will strengthen euro -report

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
THESTCOKHUNTER Member Profile
 
Followed By 2
Posts 482
Boards Moderated 0
Alias Born 12/17/11
160x600 placeholder
U.S. Stocks Struggle To Push Higher After Robust Data
Consumer spending leaps in April; house prices jump in March U.S. stocks posted marginal gains on Tuesday as investors assessed...
Top Equities Stories Of The Day
U.S. Tech Companies Sign up to EU Code of Conduct on Terror
Cliffs Natural in Deal to Supply ArcelorMittal
Jazz Pharmaceuticals Agrees to Buy Celator for About $1.5 Billion
SciQuest to Be Taken Private by Accel-KKR
Great Plains Energy to Buy Westar for $8.6 Billion
Icahn Takes Stake in Allergan
Personnel Move Shows Bank of America Beefing Up Chemical Focus in Germany
Office Depot Lays Out $100 Million Stock-Buyback Plan
THESTCOKHUNTER   Sunday, 12/18/11 09:14:21 AM
Re: None
Post # of 507 
BNP Paribas says crisis will strengthen euro -report


MILAN | Sun Dec 18, 2011 8:14am EST
Dec 18 (Reuters) - France's BNP Paribas has made no emergency planning for a possible euro zone break up and instead expects the crisis to strengthen the single currency, its chairman said.

"We are convinced the euro will come out of the crisis stronger than before," Baudouin Prot said in an interview published on Sunday by Italian business daily Il Sole 24 Ore.

Asked about prospects France could lose its triple-A rating, he said it was important that France put its accounts in order, and ensured growth.

"Life continues beyond rating agencies' decisions," he said.

On concerns French banks could be forced to ask government help, Prot said he was not worried. BNP Paribas will meet the requirements set by the European Banking Association and has never had problems with funding, he added.

"BNP will continue to finance the economies of its four domestic markets, because it wants to and has the resources," he said. (Reporting By Danilo Masoni; Editing by Jon Loades-Carter)



SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist