"The French banks have no liquidity or solvency problems"

Governor of Banque de France, Christian Noyer made a statement

"No matter what the Greek scenario and the provisions required, French banks have the means to face up to it"

"The French banks have no liquidity or solvency problems. As regards liquidity, eligible collateral in the Eurosystem is EUR 5,000 billion and at present the Eurosystem's bank refinancing stands at around EUR 500 billion. As regards solvency, within two years, French banks have already strengthened their capital base by EUR 50 billion and will continue to do so in order to comply with Basel 3 regulations."