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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (40578)	10/1/2008 1:11:19 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218430

France to Propose EU300 Billion Europe Bank Fund, Reuters Says By James Hertling Oct. 1 (Bloomberg) -- France plans to propose a 300 billion-euro ($422 billion) bank-rescue fund for the European Union at a meeting of government leaders this weekend, Reuters reported, citing an unidentified European government source. In an interview to be published tomorrow in Germany's Handelsblatt, French Finance Minister Christine Lagarde said France would propose an EU-wide fund. ``What will happen when a smaller European Union member state is threatened with a banking failure?'' Lagarde was quoted as saying. ``It may not have the resources to save the company. This is where a European rescue package becomes a possibility.'' To contact the reporters on this story: James Hertling in Paris at jhertling@bloomberg.net; Last Updated: October 1, 2008 12:43 EDT