Ratings cuts for Greece and Spain are worrying, says French finance minister Lagarde, and will be discussed by the Eurogroup. She says she is unaware of any merger between two large French banks, SocGen and BNP Paribas, and says it is not on the agenda, to her knowledge.
Also crossing the wires is a report that Fiat and Chrysler are in partnersip talks. Talk about the blind leading the blind…
