After last week's financial chaos, central bankers on both sides of the Atlantic have finally started planning in tandem to shore up the global banking system. From a New York Times story:
After a weekend of crisis talks on both sides of the Atlantic, European nations and the United States unveiled on Monday a staggering and coordinated series of multibillion-dollar rescue packages to shore up teetering banks and guarantee credit to free up lending between them...
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Monday, October 13, 2008
Dow rises as Europe pledges billions to shore up banks
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