• Near a deal in which private partners accept a bigger haircut on Greek debt
• French banks will recapitalize with private money
• French banks’ exposure to Greek debt is 8 billion
• All problems, not only Greek, but also Italian and Spanish must be addressed
• Spent too much time to ratify July 21 accord
• All euro zone members must cut debt
• We have a very low visibility on France’s economic outlook right now
• Growth revision is “not a taboo”
• Won’t hesitate to cut growth forecast if need be
• Deficit targets are “intangible”