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    Sarkozy denies proposing 300-billion-euro bailout

    AFP
    02 Ekim 2008 - 16:52Son Güncelleme : 02 Ekim 2008 - 16:53

    President Nicolas Sarkozy flatly denied on Thursday that France had proposed a 300-billion-euro fund to shore up European banks, as had been claimed by a European official in Berlin.

    Sarkozy denied to reporters that France had suggested "the amount and the principle" of such a fund.

    Germany on Wednesday rejected the idea of a Europe-managed fund that would provide a lifeline for ailing banks hit by the financial storm.

    The Netherlands on Thursday said they had come up with the idea and that it was under discussion with EU partners.

    Photo: Reuters

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