French banks may face Moody's downgrade: reports

TEL AVIV (MarketWatch)
Major French banks might be downgraded by Moody's Investors Service this week because of their exposure to Greek-government debt, media reports say.
The Wall Street Journal reported Monday that such downgrades could signal that the debt crisis on the euro zone's periphery is seeping into the broader regional financial system.
Europe's leaders have been trying unsuccessfully for nearly two years to bring the debt crisis under control, the Journal reported.
That's forced European leaders to consider more tightly integrating the euro zone, even as the public grows more skeptical that that's the correct course, the Journal reported