Sing4Him
October 3rd, 2008, 11:01 PM
Paris summit seeks European response to crisis
Fri Oct 3, 2008 10:44pm EDT
By Brian Love
PARIS (Reuters) - Plagued by fears for the stability of the banking system, European leaders meet on Saturday for a summit French President Nicolas Sarkozy hopes will limit the damage caused by the worst financial crisis since the 1930s.
The meeting follows approval by the U.S. Congress of a $700-billion bailout plan for the U.S. economy, starting point of the trouble that is rocking stock markets and paralyzing funding markets to a point that is destabilizing banks on both sides of the Atlantic.
Sarkozy's goal is perhaps above all to prove that voters and businesses in Europe can count on governments to rapidly mobilize the resources needed to keep banks up and running and protect peoples' savings, irrespective of national borders and laws.
Sarkozy has invited Germany's Angela Merkel, Italy's Silvio Berlusconi, Britain's Gordon Brown and.....
http://www.reuters.com/article/topNews/idUSTRE4906XW20081004?feedType=RSS&feedName=topNews
Fri Oct 3, 2008 10:44pm EDT
By Brian Love
PARIS (Reuters) - Plagued by fears for the stability of the banking system, European leaders meet on Saturday for a summit French President Nicolas Sarkozy hopes will limit the damage caused by the worst financial crisis since the 1930s.
The meeting follows approval by the U.S. Congress of a $700-billion bailout plan for the U.S. economy, starting point of the trouble that is rocking stock markets and paralyzing funding markets to a point that is destabilizing banks on both sides of the Atlantic.
Sarkozy's goal is perhaps above all to prove that voters and businesses in Europe can count on governments to rapidly mobilize the resources needed to keep banks up and running and protect peoples' savings, irrespective of national borders and laws.
Sarkozy has invited Germany's Angela Merkel, Italy's Silvio Berlusconi, Britain's Gordon Brown and.....
http://www.reuters.com/article/topNews/idUSTRE4906XW20081004?feedType=RSS&feedName=topNews