Crédit Agricole's Greek tragedy

Crédit Agricole's Greek tragedy
By Euronews
Share this articleComments
Share this articleClose Button

The Greek crisis came back to haunt French bank Crédit Agricole on Monday in Paris. Exposure to Greek debt is not the main problem for investors, although it does not help.

The real worry for the markets is the performance of the Crèdit’s subsidiary in Greece, Emporiki Bank which left a billion euro hole in Crédit’s accounts last year.

Crédit Agricole’s share price dropped to a near-record low of 3.56 euros by the close of trading on Monday.

Click on the link above to watch our Behind Markets report

Share this articleComments

You might also like