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Sarkozy calls crisis meeting with top banks
29.09.08
French president Nicol Sarkozy has called a crisis meeting with the heads of the country's top banks and insurance companies for first thing tomorrow morning.
The move came as speculation swirled about the future of Fortis's rival Dexia, the French-Belgian financial services giant.
A French newspaper reported it is planning an emergency capital-raising.
Last week Sarkozy warned that the global credit crisis could damage the French economy but implicitly pledged that deposits with French banks would be protected.
Tomorrow's meeting is "aimed at reviewing financial institutions' situation as well as the distribution of credit to households and companies".
