European finance ministers have agreed to support large, troubled banks in a bid to protect the financial system from collapse. French Finance Minister, Christine Lagarde, said the European Union would also guarantee bank deposits of up to 50,000 euros, with some members extending guarantees to 100,000 euros.
The EU commissioner for economic affairs, Joaquin Almunia, said the EU was preparing to take further co-ordinated action with international partners. EU finance ministers have been meeting for crisis talks in Luxembourg, to establish a unified response to the credit crisis Fabregas grabs draw for Arsenal ...
Latest Poland-US Talks Could See Missile-Shield Breakthrough ...
Tour de France: Evans wins 15th stage, Schleck takes lead ... which is gripping money markets.
(Deutsche Welle)
more info >>
<< Back