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Banks Can Absorb Greek Debt Restructuring: SocGen CEO

Monday, 9 May 2011 | 3:15 AM ET

'The European banking sector is able to absorb whatever form, if it takes place, of restructuring,' Frederic Oudea, CEO of Societe Generale, told CNBC in an exclusive interview. 'I don't think it will happen soon and again, I think the priority is to put the house in order,' he added.