• Downgrades no news
  • Notes Moody’s says French banks can face sovereign debt risks
  • French banks must increase capital equity to remain at top level
  • All European banks’ stocks suffered falls on markets
  • French banks’ stocks fall excessive, abnormal
  • French banks don’t need additional capital to face current risks
  • French banks’ first half profits totalled 11 bln. Exposure to Greek debt is 8 bln
  • Everything must be done to help Greece respect its commitment
  • Greece can stick to its commitments
  • Greece can make all necessary efforts
  • Can’t exclude French growth forecast could be revised downwards
  • But too early to say French growth expectations must be cut