French banks and the European debt crisis-On the Edge with Max Keiser-09...

In this edition of the show Max interviews Pierre Jovanovic from Jovanovic.com.

He will talk about the run on French banks and how President Sarkozy's administration is dealing with this and the European debt crisis.

Many analysts are saying that it may not be a Greek default that spurs the next big crisis, but a liquidity crunch at French banks.

France's largest banks have lost almost half their value since August 1, leading to solvency concerns.

Without an injection of cash from the European Central Bank investors may continue to flee French finance, spreading panic along the way.