BNP Paribas expects crisis to strenghten euro
France's BNP Paribas has made no emergency planning for a possible eurozone break up and instead expects the crisis to strengthen the single currency.
France's BNP Paribas has made no emergency planning for a possible eurozone 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.
More from Economy"BNP will continue to finance the economies of its four domestic markets, because it wants to and has the resources," he said.
Reuters
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