22/04/2016 (Agence Europe) - France not in such a rush over Banking Union. We do not have to be frogmarched into introducing the bank savings guarantee section of Banking Union in the eurozone, said French Economy Minister Michel Sapin in Amsterdam on Friday 22 April, but he said a backstop was needed for the Single Resolution Fund, the financial arm of Banking Union. France and Italy feel that the European Stability Mechanism (ESM) should have a role to play here. Work on this will begin once the final two countries have transposed the European bank restructuring and resolution rules, explained Sapin. At a Council meeting, Europe's finance ministers examined how to work in parallel on reducing and pooling financial risks. The Dutch Presidency of the Council of the EU is planning to draw up a roadmap listing work to be done at European level from now until 2024 (see EUROPE 11507). (MB)