Oh, what do you know. Europe is not immune? No more decoupling? 
http://www.bloomberg.com/apps/news?pid=20601087&sid=agDyigQUvRJc&refer=home
France to Propose EU300 Billion Europe Bank Fund
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.''
http://www.bloomberg.com/apps/news?pid=20601087&sid=agDyigQUvRJc&refer=home
France to Propose EU300 Billion Europe Bank Fund
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.''