Will Christine Lagarde shovel BNP Greek Debt onto taxpayers

The following extract from a Financial Times report of 6th May, 2010, linked here.

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BNP Paribas reveals €5bn Greek debt exposure

By Scheherazade Daneshkhu in Paris
Published: May 6 2010 07:55 | Last updated: May 6 2010 13:24

BNP Paribas revealed details of its exposure to Greece on Thursday when it announced that it held €5bn ($4.2bn) in sovereign debt and €3bn of company loans in the debt-burdened country.

BNP Paribas Q1 results

Revenues	Net profit	Earnings per share	Dividend
€11.5bn	€2.3bn	€1.87	-
↑22%	↑47%	↑20.6%	-

Baudouin Prot, chief executive, said France’s largest bank by revenues would hold on to the sovereign debt, in line with the request by Christine Lagarde, finance minister, on Wednesday that French banks maintain their Greek exposure.

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