Comments on: How debt-laden French cities avoid Detroit’s fate: sue the banks http://blogs.reuters.com/great-debate/2013/07/22/how-debt-laden-french-cities-avoid-detroits-fate-sue-the-banks/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Farang http://blogs.reuters.com/great-debate/2013/07/22/how-debt-laden-french-cities-avoid-detroits-fate-sue-the-banks/#comment-74264 Thu, 25 Jul 2013 21:53:36 +0000 http://blogs.reuters.com/great-debate/?p=22609#comment-74264 Now banks know that they must not lend IRRESPONSIBLY to French municipalities. No toxic loans no more, please. Incidentally, Dexia will probably lose more money in Detroit than in all the French municipalities combined.

Detroit is a lose-lose situation for everyone: the banks, the city, and the pensioners, whose pensions will be cut.

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By: CarlosFoxtrot http://blogs.reuters.com/great-debate/2013/07/22/how-debt-laden-french-cities-avoid-detroits-fate-sue-the-banks/#comment-74148 Tue, 23 Jul 2013 20:10:48 +0000 http://blogs.reuters.com/great-debate/?p=22609#comment-74148 This is awesome. So now banks know not to lend anything to French municipalities.

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