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

WASHINGTON Wed Feb 12, 2014 1:16pm EST

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WASHINGTON Feb 12 (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.

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