IS THERE AN EASY WAY OUT? PRIVATE MARKETABLE DEBT AND ITS IMPLICATIONS FOR A EURO BREAKUP: THE CASE OF FRANCE
par David Amiel, Paul-Adrien Hyppolite
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Many French firms such as SNCF, Orange and Société Générale face structural and systemic risks, according to new findings by David Amiel and Paul-Adrien Hyppolite. Should France leave the euro, as they surely would under an administration led by Marine Le Pen, many of these firms would require a public bailout to stay afloat. The authors estimate the cost to exceed €70bn should the new franc devalue by up to 50%.
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Read more: www.capx.co
Many French firms such as SNCF, Orange and Société Générale face structural and systemic risks, according to new findings by David Amiel and Paul-Adrien Hyppolite. Should France leave the euro, as they surely would under an administration led by Marine Le Pen, many of these firms would require a public bailout to stay afloat. The authors estimate the cost to exceed €70bn should the new franc devalue by up to 50%.
...........
Read more: www.capx.co
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