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France is calling for a banking union to help draw a line under the euro zone sovereign debt crisis and try to break the link between fragile banks and indebted governments. Paris wants the ECB to have oversight of the region's banking sector, a position Berlin increasingly supports.
In the UK, the government and central bank plans to flood Britain's banking system with more than 100 billion pounds ($155.43 billion), in the hope that banks will increase lending to small businesses and the country can escape its second recession in four years.
In his annual Mansion House policy speech to London financiers on Thursday, Bank of England governor Mervyn King said the Bank would launch a scheme to provide cheap long-term funding to banks to encourage them to lend to businesses and consumers.
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