European leaders are set to try to cobble together a response to the global financial crisis, at a mini-summit on Saturday.
French President Nicolas Sarkozy spent Friday laying the groundwork for the Paris meeting with leaders of Britain, Italy and Germany. Germany has rejected an idea floated by France for a 300-billion-euro European fund to shore up troubled banks. Both Germany and Britain have been reluctant to commit taxpayers' money to a Europe-managed fund. They EU splits ahead of Finance summit ...
Eurotunnel probably closed to passengers for weekend ...
US urges new push for WTO deal ... instead advocate a case-by-case approach to rescuing financial institutions. European leaders hope to forge a common position on how to tackle the financial storm sparked by the US banking crisis, before the Group of Eight meeting of finance ministers in Washington next week.
(Deutsche Welle)
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