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 French minister knocks Irish move ...
Correspondent confirms Russian tanks in Gori ...
Lufthansa workers strike over pay ...
Tour de France: Evans wins 15th stage, Schleck takes lead ...
EU Parliament Raises Bar for Extremist Parties ...
EU to include aviation in "Emission Trading Scheme" ... ministers have been meeting for crisis talks in Luxembourg, to establish a unified response to the credit crisis which is gripping money markets.
(Deutsche Welle)
more info >>
<< Back