Last evening the euro was pressured on the back of news that there were disagreements between France and Germany. The main contention is whether the EFSF should be turned into a bank and therefore would be able to borrow from the ECB expanding its firepower. Such a step would open the door for France to use the EFSF as part of its bank recapitalization plans, but runs into the problem of the central bank pretty much undertaking quantitative easing. From Bloomberg: “French Prime Minister Francois Fillon stepped up calls for the 440 billion-euro ($608 billion) European Financial Stability Facility to be turned into a ... (full story)