Post Number: 260
Posted From: 126.96.36.199
|Posted on Monday, October 13, 2008 - 12:39 pm:||
European governments offer $2 trillion for banks
PARIS (AP) -- European governments say they are putting nearly $2 trillion on the line to protect the continent's banks through guarantees and other emergency measures.
Pledges by Britain, Germany, France, Spain, Austria and Portugal in recent days have reached a total of $1.96 trillion. The sums are considered a maximum, and might not all be spent if the financial crisis eases.
Many of the pledges came Monday, a day after the 15 nations that use the euro currency agreed on an unprecedented bank rescue plan.
Europe's most unified response yet to the financial crisis dwarfs the the Bush administration's $700 billion rescue program.
US lo elanu rules & regulationslevu.
I know they invested some $ here but this is extream. ee banks kuda emi poyeekalam.