A Strategic Bet on Italy's Fragile Banking System Credit Agricole's CFO, Clotilde de Margerie, has been making waves in financial circles with her candid assessment of Italy as a "strategic market" for the bank.
The French lender derives 20% of its net income from this volatile territory. L'Angevin de Margerie's confidence is palpable – perhaps even bordering on arrogance.
Her assertion that "nothing can be done without us and nothing can be done against us" has echoes of a colonial mindset, where foreign investors dictate terms to domestic players.