It had disbanded its national bank, and private bankers in the Northeast were opposed to the war.

It is an insane situation where private bankers can boss around a stable economy such as France.

No one should expect private bankers to throw good money after bad.

The agreement ends a series of rescheduling negotiations the Government has held with private bankers over the past year.

The private bankers seek payment of $8 billion in interest arrears.

Investors may contact their private bankers or financial advisers to see if they qualify.

"This is happening all over here," one private banker said of the cutbacks.

His private banker got it for him in 24 hours, he said.

They also persuaded governments that private bankers should handle monetary policy.

They have over 90 private bankers across the Group.