France believes EU-level measures may have to be cobbled together to aid banks in smaller member states, while denying rumours of a €300 billion package. But Germany has indicated it would not support any European "big-bang" deal.
French finance minister Christine Lagarde has told a German paper that a "safety net" would be needed to support smaller countries in Europe "threatened with banking failures."
"What happens if a smaller EU state is hit by a looming bank collapse? Maybe ...
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