Brown proposes EU action plan to stabilise money markets

eurointelligence.com | Oct. 9, 2008 (News Analysis)

Who would have thought that Gordon Brown would emerge from this crisis as Europe’s one and only true leader? A day after proposing what is by the far the most impressive rescue scheme we have had so far, Le Monde has now obtained a letter he sent to all EU leaders yesterday calling for a concerted action to guarantee interbank credits and reinstall confidence between banks. In the letter he wrote that the medium term interbanking market is frozen on the ... Full Story »

Posted by Peter Barnett

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Subjects: World
Topics: European Union
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Posted by: Posted by Peter Barnett - Oct 9, 2008 - 12:25 AM PDT
Reviewed by: Peter Barnett (review)
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Edited by: Peter Barnett - Oct 9, 2008 - 12:25 AM PDT

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Peter Barnett
3.8
 by Peter Barnett - Oct. 9, 2008

The article provides a fair view of the financial crisis and its impact on the EU, suggesting that it has promoted a political shift to the left.

Prime Minister Gordon Brown could see a complete reversal of his political fortunes if can pull this one off.

At an earlier press conference on the package, Brown said he had spoken Wednesday to Sarkozy, whose country currently holds the rotating EU presidency. “We ... More »

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  • Britain urges EU to match guarantee of inter-bank lending ? Pending

    eubusiness.com | Oct. 9, 2008
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