The top four banks in France have seen their funding from money-markets decline 93% over the past year. US money-market mutual funds decreased their holdings in French banks 68% this past November alone. Most of that money has left the Eurozone entirely.
The US Federal Reserve cut in half it’s lending rate to European banks at the end of November. This was part of a coordinated effort along with other central banks around the world.
Money-market funds recognize the Eurozone banks as too risky a place for their clients assets. The US government places it’s citizens assets in those very same banks because it believes that very same risk is something with far greater consequences.