More from these Authors

• Case | HBS Case Collection | 2013 (Revised from original 2012 version)

  Persephone's Pomegranate: Crédit Agricole and Emporiki

  Dante Roscini, Daniela Beyersdorfer and Jerome Lenhardt

  In 2006 the French bank Crédit Agricole bought the Greek Emporiki bank, for €2.8 billion, at the peak of a bull market for bank takeovers. Six years, a major financial crisis, and €5.2 billion of losses later, in a context of great uncertainty in the European banking sector, what decision should Crédit Agricole take regarding Emporiki? Through the example of this European cross-border acquisition the case looks at the Greek banking system before and during the unprecedented Greek sovereign debt crisis; the efforts of Greece and the main actors of the European financial system to prevent the embattled country from having to exit the Euro zone; and the potential scenarios for Greek banks in mid-2012.

  Keywords: Business and Government Relations; Currency; Development Economics; International Finance; International Relations; Banking Industry; Greece;

  Citation:

  Roscini, Dante, Daniela Beyersdorfer, and Jerome Lenhardt. "Persephone's Pomegranate: Crédit Agricole and Emporiki." Harvard Business School Case 713-055, May 2013. (Revised from original November 2012 version.)

  CiteView DetailsPurchase

  Related

• Article | Tax Notes | December 10, 2012

  Capping the Deductibility of Corporate Interest Expense

  Robert C. Pozen and Lucas W. Goodman

  Citation:

  Pozen, Robert C., and Lucas W. Goodman. "Capping the Deductibility of Corporate Interest Expense." Tax Notes (December 10, 2012).

  CiteView DetailsRead Now

  Related

• Exercise | 2012 (Revised from original 2004 version)

  Capital Investment Analysis

  Dwight B. Crane and Josh Lerner

  Teaches techniques of evaluating investment alternatives. A rewritten version of an earlier exercise.

  Keywords: Financial Management; Investment Return;

  Citation:

  Crane, Dwight B., and Josh Lerner. "Capital Investment Analysis." Harvard Business School Exercise 204-140, November 2012. (Revised from original February 2004 version.)

  CiteView DetailsPurchase

  Related