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04.10.2008 - EU leaders to discuss ways to face financial crisis

Leaders of Europe's four biggest economic powers have gathered in Paris for a mini-summit where they will try to draft a coordinated response to the global financial crisis.

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has rejected an idea floated by France for a 300-billion-euro European fund to rescue troubled banks. Both Germany and Britain say they are reluctant to commit taxpayers' money to a Europe-managed fund. The summit comes ahead of the Group of Eight meeting of finance ministers in Washington next week.

(Deutsche Welle)


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