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French banks may be willing to roll over their Greek debt but S&P isn't buying it, saying...

Jul. 04, 2011 5:01 AM ETFXE, ERO-OLD, EU-OLD, URR, DRR, ULE, EUOBy: Yigal Grayeff, SA News Editor1 Comment
French banks may be willing to roll over their Greek debt but S&P isn't buying it, saying that two proposals for relief from Federation Bancaire Francaise (FBF) would count as 'distressed,' involve losses to the debt holders, and therefore amount to a 'selective default.'

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