Germany against joint EU bank rescue fund
BERLIN (Reuters) - Germany opposes the idea of a joint European Union fund to rescue troubled banks and an Irish scheme to guarantee bank deposits is the wrong way forward, German Chancellor Angela Merkel reiterated on Tuesday.
Speaking at a special session of the Bundestag lower house of parliament devoted to the financial crisis, Merkel said: "Another option that Germany believes to be unacceptable is that 27 EU member countries open up an umbrella and pay into a joint fund."
(Reporting by Iain Rogers)
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