EU bolstering Club Med to fend off second banking crisis

EU help for Club Med nations is designed to give European banks enough time to minimise exposure to the region prior to debt restructurings, said analysts at a Fitch Ratings conference.

Banks are scaling back exposure to Club Med countries

Eurozone support for struggling Club Med nations is a stop-gap measure to allow banks to reduce their exposure to peripheral countries prior to any sovereign restructurings, said analysts at a Fitch Ratings conference on September 22.

Arnab Das, director of market research and strategy at Roubini Global Economics, said EU officials hoped to forestall a second – and potentially much more serious – European banking crisis, by propping up southern European sovereigns while financial institutions

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here