Not entirely. It doesn't apply to the Euro as a whole and that means it doesn't apply to countries that, if they have a big banking crisis would provide a mediu

Not entirely. It doesn't apply to the Euro as a whole and that means it doesn't apply to countries that, if they have a big banking crisis would provide a medium-or-higher risk to the Eurozone as a whole. So it does't apply to France, Germany, Italy, Spain, perhaps Poland.