French finmin: 'nothing to fear' ahead of review of country's banks

WASHINGTON Wed Feb 12, 2014 1:22pm EST

France's Finance Minister Pierre Moscovici reacts during an interview with Reuters at the Bercy Finance Ministry in Paris, January 30, 2014. REUTERS/Charles Platiau

France's Finance Minister Pierre Moscovici reacts during an interview with Reuters at the Bercy Finance Ministry in Paris, January 30, 2014.

Credit: Reuters/Charles Platiau

WASHINGTON (Reuters) - France's finance minister said on Wednesday there was no reason to worry about an upcoming review of assets in French banks, an apparent bid to sooth concerns over the health of financial firms in the country.

"If I look at the French banks, I am confident there is nothing to fear about the asset quality reviews," Finance Minister Pierre Moscovici told journalists during a visit to Washington.

Earlier in the day, Canadian Finance Minister Jim Flaherty said the most worrying factor in the global economy is Europe, particularly the banks in France.

(Reporting by Jason Lange; Editing by James Dalgleish)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video