Bloomberg News

Kranjec Says French, German Banks Would Suffer in Greek Default

October 10, 2011

Oct. 10 (Bloomberg) -- European Central Bank governing council member Marko Kranjec said banks in France and Germany would suffer if Greece defaulted on its debt, and this would cause a “domino effect.”

Kranjec, who is also governor of Slovenia’s central bank, said in an interview today on TV Slovenija that he expects Greece will restructure its debt and won’t default.

To contact the reporter on this story: Boris Cerni in Ljubljana at bcerni@bloomberg.net

To contact the editor responsible for this story: Alan Crosby at acrosby1@bloomberg.net


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