EU pushes more countries to bail out banks
Enviado: 15/10/2008 14:43Afinal a Europa é que vai ser o novo motor da economia mundial!!!
(CNN) -- EU leaders are holding a summit in Brussels to hammer out the details of their $2.7 trillion banking bailout.
British Prime Minister Gordon Brown and European Commission head Jose Manuel Barroso.
Leaders from the 27-nation European Union are meeting Wednesday and Thursday in the hope further agreement on their approaches will give markets more confidence.
Proposals include a guarantee on bank deposits worth up to $136,760.
Sharemarkets fell Wednesday after two days of large gains prompted by Britain, Germany, France, and the U.S.'s banking bailouts worth more than $3 trillion.
They, along with the Netherlands, Spain and Austria, have agreed to buy shares in banks and pump huge sums of money into lending markets in an effort to restore confidence and make credit readily available again.
The EU meeting was originally meant to discuss climate change but the economic crisis was expected to dominate
(CNN) -- EU leaders are holding a summit in Brussels to hammer out the details of their $2.7 trillion banking bailout.
British Prime Minister Gordon Brown and European Commission head Jose Manuel Barroso.
Leaders from the 27-nation European Union are meeting Wednesday and Thursday in the hope further agreement on their approaches will give markets more confidence.
Proposals include a guarantee on bank deposits worth up to $136,760.
Sharemarkets fell Wednesday after two days of large gains prompted by Britain, Germany, France, and the U.S.'s banking bailouts worth more than $3 trillion.
They, along with the Netherlands, Spain and Austria, have agreed to buy shares in banks and pump huge sums of money into lending markets in an effort to restore confidence and make credit readily available again.
The EU meeting was originally meant to discuss climate change but the economic crisis was expected to dominate