Euro leaders race to shore up banks | Bangkok Post: breakingnews

Europe's leaders scrambled Friday to reassure investors the continent's banks were safe, stepping up calls for fresh cash injections as Paris played down reported differences with Germany over the crisis.

German Chancellor Angela Merkel speaks on the reform of the international monetary system on October 6 in Berlin. Facing renewed calls by US President Barack Obama for swift action to tackle its debt crisis, eurozone leaders raced to stave off a credit crunch with talks in Berlin and Athens.

While EU leaders agree on the need for action to shore up over-exposed banks, a division of opinion reportedly emerged between France and Germany on how to proceed, two days before their leaders are due to meet in Berlin.