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Prime Minister met representatives of the banking world
By David at 08/10/2009 - 16:29
The Prime Minister met representatives of the banking world
 
At the request of the Prime Minister, François Fillon, a meeting was held in Matignon with leaders of the major French banking groups, a representative of the Mediation of credit and the Governor of the Banque de France, Christian Noyer, in order prepare for the meeting to be held at the president at the end of August.
 
The Government recalled that the implementation by banks of the G20 rules on remuneration of market is an absolute requirement vis-à-vis the nation and the state has considerable resources at their disposal last fall to overcome the financial crisis. The Government recalled that the implementation by banks of the G20 rules on remuneration of market is an absolute requirement vis-à-vis the nation and the state has considerable resources at their disposal last fall to overcome the financial crisis. The Government has acknowledged the commitment of French banks to comply strictly with these rules. The Government has acknowledged the commitment of French banks to strictly comply with these rules. This commitment will be surveillance of the Banking Commission. The Government will intensify under the authority of the President of the Republic, its efforts to obtain, within the G20, strong collective commitments of the international community in respect of remuneration of market participants. The Government will intensify under the authority of the President of the Republic, its efforts to obtain, within the G20, strong collective commitments of the international community in respect of remuneration of market participants.
 
The Government reiterated the need for bank financing dynamic and attractive to encourage the growth of economic activity. The Government reiterated the need for bank financing dynamic and attractive to encourage the growth of economic activity.
 
The Governor of the Bank of France confirmed in this respect despite the sharp decline in economic activity last year, outstanding credit to the private sector continued to grow. The Governor of the Bank of France confirmed in this respect despite the sharp decline in economic activity last year, outstanding credit to the private sector continued to grow. From June 2008 to June 2009, while GDP has declined significantly, credit to households and private enterprises increased overall by 3.5%. From June 2008 to June 2009, while GDP has declined significantly, credit to households and private enterprises increased by 3.5% overall.
 
After having risen sharply during the financial crisis, interest rates returned to their levels before the crisis. After having risen sharply during the financial crisis, interest rates returned to their levels before the crisis. The Government has asked banks to enhance the relaxation of credit conditions by ensuring that businesses and households have full and immediate funding conditions more favorable. The Government has asked banks to enhance the relaxation of credit conditions by ensuring that businesses and households have full and immediate funding conditions more favorable.
 
Following the July 27 signing of the agreement last room on the mediation of credit, it is particularly important for SMEs in case of difficulty, take full advantage of flexibilities permitted by the device. Following the July 27 signing of the agreement last room on the mediation of credit, it is particularly important for SMEs in case of difficulty, take full advantage of flexibilities permitted by the device. The Prime Minister has asked the Ombudsman credit him before September 15 folders with particular difficulties. The Prime Minister has asked the Ombudsman him credit before September 15 folders with particular difficulties.
 
Prime Minister François Fillon has asked Christine Lagarde, Minister of Economy, Industry and Employment, to request that each bank before September 15 a report on its prospects for financing the economy, to boost production credit. Prime Minister François Fillon has asked Christine Lagarde, Minister of Economy, Industry and Employment, to request that each bank before September 15 a report on its prospects for financing the economy, to boost production credit.

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