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Debt crisis hits Societe Generale

Europe's debt crisis is causing turmoil for the region's banks.

Profits at France's second lender - Societe General have tumbled 30% in the 3rd quarter and the company will not give shareholders a dividend payout this year.

The BBC's Europe Business Correspondent, Nigel Cassidy explains why times are so tough for France's banking industry.

Go to next video: Why did SocGen's share price drop?