With their stock markets falling, EU leaders are scrambling to find a way to restore confidence in the banking system. Newspapers in the U.K. are reporting that British Treasury chief Alistair Darling and Bank of England governor Mervyn King met with executives from Britain's largest banks Monday night to discuss the possibility of the government providing funding to the banks, in exchange for stakes in the banks...sound familiar? Several major banks across the EU have already been bailed out and some countries are now guaranteeing bank deposits.
categories: Europe's Financial Crisis
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