EUROPE | WHAT REALLY HAPPENED


EUROPE

Oct 04 19:02

Europe shivers as credit freeze hits Iceland

Central bankers and officials in Iceland are locked in economic bailout talks this weekend, as Gordon Brown attempts to convince European leaders to back a £12bn fund for small businesses across the Continent.

Oct 04 17:41

Hypo Real fights for life after rescue collapses

Property lender Hypo Real Estate (HRE) (HRXG.DE: Quote, Profile, Research, Stock Buzz) fought for its life on Saturday after German banks and insurers pulled out of a state-led 35 billion euro ($48.5 billion) rescue program stitched together only days ago.

The news is a fresh blow for the global financial system struggling to master an unprecedented crisis of confidence and poses a political challenge for the Berlin government, which has been fighting efforts to arrange a pan-European bank bailout.

Oct 04 08:34

Financial crisis: worse still to come for Europe?

The leaders of Britain, France, Germany and Italy are meeting in Paris to try and forge a common approach to sort out the European economy. But actions from the leaders can’t come soon enough for many European citizens - they’ve been feeling the pinch for a while.

Oct 03 08:37

Merkel says will not issue banks blank cheque

German Chancellor Angela Merkel said on Wednesday her government aimed to limit the damage to the economy from the global financial crisis but she was not prepared to issue a blank cheque to any bank.

Webmaster's Commentary: 

Merkel for President!!!!!!!

Oct 03 07:53

European bank rescue plan in tatters amid savings stampede

By Wednesday, the fury over Ireland's unilateral guarantee was hardening in the City and across Europe. British banks were incandescent with their Irish counterparts, whom they accused of having deliberately exploited the situation to ring up corporate depositors and urge them to defect to “safer” Irish banks.

Webmaster's Commentary: 

"We can screw our people deeper thanb you can screw yours!"

"No you can't!"

"Yes we can!"

"No you can't!"

"Yes we can!"

"No you can't!"

"Yes we can!"

Oct 03 07:24

France seeks €300bn rescue fund for Europe

France heaped pressure on Gordon Brown last night by floating an ambitious plan for a €300 billion (£237 billion) bailout fund to rescue crippled banks across Europe.

Webmaster's Commentary: 

"Hey, those stupid Americans fell for it; we should do the same thing!!"

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