Bloomberg News

Baroin Says French Banks Will Boost Capital Without State Aid

October 24, 2011

Oct. 24 (Bloomberg) -- French Finance Minister Francois Baroin said that his country’s banks will probably be able to meet tougher European Union capital requirements without tapping government support.

“These are profitable companies,” Baroin said today on Europe 1 radio. “What I’m telling you is that they’ll do it on the basis of their profits. There won’t be public support in the sense that the French banks probably won’t need to take public support.”

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


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