BIS: German, French banks have high exposure to shaky economies

06/14/2010 | New York Times (tiered subscription model), The

Banks in Germany and France are owed more money by eurozone nations that are in financial distress compared with other countries' financial institutions, according to the Bank for International Settlements. Greece, Ireland, Portugal and Spain had borrowed nearly $1 trillion from French and German banks by the end of 2009, the BIS said.

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