France, Germany deny new debt plan | Bangkok Post: business

France and Germany on Tuesday denied they were readying another plan to avert a Greek debt default, after rumours that they were planning a move sent French stocks bouncing back after early falls.

People walk past agencies of French banks Societe generale (left) and BNP Paribas (right) on September 12 in Paris. European stocks slid deeper into the red and the euro fell on rising expectations that Greece is set for a default despite fresh international efforts to resolve the debt crisis.

Banking shares had led the morning plunge, but recovered on the reports. Societe Generale climbed 7.0 percent, and BNP Paribas was back in the black after earlier dropping 10 percent.