German Chancellor Angela Merkel has addressed a special session of parliament, as instability on the world's financial markets continues.
She told parliamentarians that the situation was unparalleled. The Chancellor reassured bank customers that their savings were safe, but repeated her opposition to a joint EU bank rescue fund. Meanwhile, the President of the European Central Bank, Jean-Claude Trichet: Unprecedented measures needed to tame finance crisis ...
Merkel says Wall Street crisis effects on Germany moderate ...
Deutsche Bank to buy 30 percent of Postbank ...
German banking sector nears second big deal ...
Sarkozy makes appearance with Medvedev ...
Zambian President Mwanawasa dies in French hospital ... Trichet, has called for transparency to be urgently introduced into financial markets. Speaking at a conference in France, he blamed existing rules for promoting the kind of short-term trading which led to the credit crisis.
(Deutsche Welle)
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