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Page last updated at 08:25 GMT, Wednesday, 14 September 2011 09:25 UK

European banking system 'in trouble'

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Shares in the French bank Paribas have fallen by another 10% as the country's banks prepare to absorb the potential cost of a Greek default. Eric Chaney, chief economist at the French Insurance Group AXA, assesses the likelihood of a Greek default.


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