tag:blogger.com,1999:blog-14132720.post4052391627317878856..comments2023-11-02T03:52:17.027-07:00Comments on ROMANIA -JUSTITIE - ARBITRAJ COMERCIAL - AFACERI.: Managementul Riscurilor Globalehttp://www.blogger.com/profile/07836386110300292916noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14132720.post-55294259488384951752012-06-14T00:45:33.130-07:002012-06-14T00:45:33.130-07:00France's Crédit Agricole, the owner of Greece&...France's Crédit Agricole, the owner of Greece's largest foreign-held bank Emporiki, is drawing up plans to abandon the lender if Greece leaves the eurozone, the Wall Street Journal reports.<br /><br />Sunday's second Greek election, after the 6 May poll failed to produce a conclusive result, is seen as effectively a referendum on whether the country wants to stay in the euro. The vote pits the radical leftist Syriza party, which vehemently opposes the austerity measures tied to the Greek bailouts, against their conservative rival, New Democracy, which largely supports the bailout programme.<br /><br />The Journal writes:<br /><br /><br />A host of international companies have said they are preparing contingency plans, with many voicing concerns about how to retrieve cash in the country if Greece exits the euro zone. But none have disclosed potentially walking away from their assets in Greece.<br /><br />Crédit Agricole's contingency plans for Emporiki Bank of Greece, Greece's sixth-largest bank, add to the bleak landscape, even after two multibillion euro bailouts extended by European Union countries and the International Monetary Fund. The banking sector is reeling from rising bad loans as the economy—now in its fifth year of recession—nose dives and fears over an eventual exit from the euro zone shatter consumer confidence.Anonymousnoreply@blogger.com