PARIS (Reuters) - France could use a support mechanism set up at the height of the banking crisis in 2008 to shore up the capital bases of French banks in case of an "extraordinary event," Christian Noyer, head of the Bank of France, told a French newspaper.
Noyer, also a member of the European Central Bank's governing council, told Le Journal du Dimanche (JDD) that French banks did not need to be recapitalized but could seek support from a public entity if they deemed it necessary.
Asked to comment on a report in the same newspaper, which alleged that France's government had discussed a plan to inject 10 to 15 billion euros into the French banking system, he said: "There is no plan, and we don't need one."
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