Reuters exclusively reveals Credit Agricole CEO`s support for Greek debt extension

In an exclusive June 8 interview with Reuters, the CEO of one of France’s biggest banks and one of the most exposed to Greece, Credit Agricole, said he would support a voluntary extension of Greek sovereign bond maturities to ease the country’s recession. This was the first time a European bank chief had expressed such a view on the possible solutions to Greece’s debt crisis and offered an important twist on the French government’s opposition to any restructuring or credit event. The interview was cited in analyst research and press including the New York Times/International Herald Tribune and several French media such as La Tribune and BFM Radio.