French banks and insurance companies will propose their participation in a new Greek support program, covering all the Greek debt they hold up to 2020, worth 15 million euros, French Finance Minister Francois Baroin said on Thursday.
Speaking to reporters, after a meeting with the heads of France's largest bank and insurance companies, Baroin said: “The participants in the meeting offered reassurances that they will propose to their boards participating in a Greek support program, up to the totality of their Greek exposure maturing before 2020, around 15 billion euros”.
Baroin expressed his satisfaction over their decision, which “confirmed the French financial sector’s determination to fully participate in efforts to ensure financial stability in the Eurozone”.