EU weighs options for common bank bailout fund

The transcript discusses France's support for adopting EU legislation by March, focusing on unique supervision, resolution rules, a single eurozone authority, and deposit guarantee enhancement. It outlines the process for banks seeking financial solutions, starting with private markets and moving to public assistance if needed. If these fail, the EMES may intervene, offering state loans or direct recapitalization, as seen in Spain.

What form of assistance might be provided if both private solutions and national public assistance fail?

Under what circumstances might the EMES intervene according to the text?