EU ‘should avoid common bail-out fund’ / Sarkozy recoils from EU-wide €300bn bail-out

Article presents a range of opinions from EU Member State governments and the European Central Bank on the suggestion by some, October 2008,that an EU-wide fund to support troubled banks should be established

The ECB said that the European Union should co-ordinate deposit guarantees and bank rescues but avoid an EU-wide bail-out fund.

ESO: Background information: Europe split on bank fund http://www.europeansources.info/record/europe-split-on-bank-fund/

ECB: Speech, 30.9.08: Some lessons from the financial market correction http://www.ecb.int/press/key/date/2008/html/sp080930_1.en.html

France24, 2.10.08: EU's big four to hold banking summit in Paris http://www.france24.com/en/20081002-eu-summit-paris-financial-crisis-france-uk-germany-italy&navi=MONDE

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