European bankers and insurers are faced with the sovereign debts of the Union's countries

A number of bankers and insurers are exposed to the risks of default in payment by Europe's most indebted countries. French banks, with 50 billion EUR (64 billion USD) in debts, are the most vulnerable of the international banking establishments. This exposure results from the debts and credits granted to clients. With 17.6 billion EUR (22.5 billion USD), Allianz stands as the most engaged insurer in such operations.