Relevant:
- Emergency Session Fails; Market Calls Trichet's Bluff; French Banks Under Downgrade Review; ECB Divorced From Reality; What is US Exposure to EU Mess?
- No Austerity for France, Just the PIIGS
- Germany, France, Creditors Hold Secret Meeting On Greek Bailout Worries
- Germany, France reach accord on Greek bailout
- What Would a Greek Haircut Mean for Germany?
2010-05-06 — zerohedge.com
"Yesterday we pointed out that France was a global top three derisker in sovereign CDS as traders have shifted their worries from the periphery to the core. We have long discussed that the reason for this is that France, not Germany, has the greatest exposure to Greece and the PIIGS. "
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