France believes the bailout package to aid Spanish banks is the first step towards a eurozone banking union.<br /><br />Socialist President Francois Hollande backs the banking union to help provide stability and solidarity, while at the same time promoting growth.<br /><br />Hollande wants the European Investment Bank to loosen the purse strings and lend more to help boost Europe's flagging economy.<br />http://www.euronews.net/
