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BNP Paribas CEO: Euro Has Very Strong Level of Support

Thursday, 2 Aug 2012 | 1:30 AM ET

Jean Laurent Bonnafe, CEO of BNP Paribas, told CNBC, "The euro has very strong political support, last week both President Hollande and Chancellor Merkel explained that they are both very much in favour of the euro, secondly over the past two years Europe built relative tools, like the ESM, to give a hand to countries in trouble."