This could be another Lehman moment
The difference in opinions over the Greek debt crisis between Angela Merkel and Nicolas Sarkozy may well be explained by the fact the French banking system is at more immediate risk from any meltdown than its German counterpart.
France is the most exposed of any developed country to Greece reneging on its huge debts.
The French are sitting on a £35billion exposure compared with £21billion for Germany, according to the Bank for International Settlements.
Read more: http://www.dailymail.co.uk/news/article-2004962/Greece-bailout-IMF-chief-warns-Greek-crisis-threatens-global-economy.html#ixzz1Pk33xdYw
