In 2006 the French bank Credit Agricole purchased the Greek Emporiki bank, for EUR2.8 billion, at the peak of a bull market for bank takeovers. Later to 5.2 billion of losses, a major fiscal catastrophe, and six years in a circumstance of great uncertainty in the European banking sector, what choice should Credit Agricole take regarding Emporiki?
Through the example of the European cross-border achievement the instance looks at the Greek banking system before and during the unprecedented Greek sovereign debt crisis; the attempts of Greece as well as the main performers of the European financial system to stop the fought country from needing to leave the euro zone; and the potential scenarios for Greek banks in mid-2012.
Persephone's Pomegranate Credit Agricole and Emporiki case study solution
PUBLICATION DATE: November 20, 2012 PRODUCT #: 713055-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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