Europe split on bank fund

Article reports that European policymakers clashed over how to protect the EU's financial system from the global credit crisis as France floated the idea of a single rescue fund to deal with bank failures, October 2008.

A separate dispute flared up over the Irish government's surprise decision on the 30 September 2008 to guarantee the debts and deposits of Ireland's six largest lenders. Nellie Kroes, EU Competition Commissioner, pleaded with governments 'not to act unilaterally'.

NRC Handelsblad, 1.10.08: Europe discusses common approach to crisis http://www.nrc.nl/international/Features/article2005654.ece/Europe_discusses_common_approach_to_crisis

BBC News, 1.10.08: EU talking over Ireland bank move http://news.bbc.co.uk/1/hi/business/7646217.stm

ESO: Background information: Ireland guarantees deposits at six banks http://www.europeansources.info/record/ireland-guarantees-deposits-at-six-banks/

France24, 2.10.08: EU divided over financial crisis http://www.france24.com/en/20081002-ecb-eu-emergency-meeting-financial-crisis-trichet&navi=EUROPE

Deutsche Welle, 1.10.08: EU Calls for Tougher Rules to Fix Crippled Financial System http://www.dw-world.de/dw/article/0,2144,3683851,00.html

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