Europe's leaders meeting at an economic crisis summit in Paris have pledged that no major financial institution will be allowed to collapse.
They also pledged to guarantee loans between banks on a temporary basis, in order to address the liquidity crisis.
The reluctance of banks to lend to one another has been a key problem of the financial crisis sweeping the globe.
World governments have been racing this weekend to throw banks a lifeline before markets reopen on Monday.
French President Nicolas Sarkozy - the current European Union head - also said leaders had agreed a framework in which individual countries would be able to inject capital into their own banks by means of preference shares. More.
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