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Nov 21, 2011

Will France fall when Italy falls?

In this graph from the NY Times you can see the possible contagion in the Euro Zone. With Italy being in trouble you can see why some analysts are already talking about France. France banks have the biggest exposure to Italy (336 billion dollar) of all countries. For some time already there has been talk about France losing its AAA credit rating. This may speed up the time when this downgrade occurs.

NY Times

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