Thursday, December 1, 2011

10 Days To Save The Euro Or Else

Day The World's Banks Wobbled: Britain Joins Multi-Billion-Pound Global Bailout As Key Banks Face New Credit Crunch -- Daily Mail

* Just ten days left to save euro from collapse, warns senior EU official
* Osborne says move vital if Britain is to avoid another recession next year
* Cameron to attend last-ditch talks next week

Britain has been sucked into a second credit crunch that threatens the stability of the world’s banking system, Downing Street warned last night.

Central banks from around the world – including the Bank of England and China’s equivalent – yesterday launched a dramatic rescue bid worth hundreds of billions of dollars.

It was agreed to head off a repeat of the 2008 crash when banks simply stopped lending to each other, bringing the world economy to a halt.

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More News On The Euro Crisis

European debt crisis: Euro zone facing make-up-or-break-up choice -- Washington Post
Central banks act as euro zone crisis rages -- Reuters
Save the euro in 10 days or see the EU disintegrate, ministers are warned -- The Guardian
Shot in arm for world finance as EU countdown begins -- AFP
Europe Delays Major Debt Decisions for 10 Days -- ABC News/AP
Ten days to solve the euro – but how? -- CNN
TIMELINE-European ministerial meetings in 2011 -- Reuters
FACTBOX - Euro zone faces critical 10 days -- Reuters

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