Title: French Central Bank: European Banks Are Very Strong

The Governor of the French Central Bank, Francois Villeroy de Galhau, announced today, Friday, that "French and European banks are very strong," following the European Central Bank's decision to raise interest rates amid disruptions in the banking system. He stated in an interview on "BFM Business" that "European banks are not in the same situation as some American banks for a very simple reason: they are not subject to the same rules," referring to the recent collapse of some regional banks in the United States, which caused turmoil in the markets.