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Dutch PM-countries should have national bank funds

Thu Oct 2, 2008 9:11am EDT

PARIS, Oct 2 (Reuters) - Dutch Prime Minister Jan Peter Balkenende said on Thursday that while he opposed an EU-wide bank rescue fund, national governments should set aside funds to help any troubled banks in their own countries.

Currencies  |  Bonds

But he said that this plan should be coordinated among countries.

"The plan is for every member state to put aside money to make a capital injection for their own banks if necessary. The idea is that it will be some 3 percent of gross domestic product," he said after a meeting French President Nicolas Sarkozy.

"If you put that together, it is a lot of money."

(Reporting by Francois Murphy and Marcel Michelson; Writing by Anna Willard)



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