TITLE

TechSpin:Europe Feels the Pain

AUTHOR(S)
Dreyfuss, Joel
PUB. DATE
October 2008
SOURCE
Red Herring;10/8/2008, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the effect of the economic crisis on the European market. French President Nicolas Sarkozy, who criticized the U.S. financial rescue plan, has called on the countries to make a unified approach in addressing the economic situation. Germany has proposed a common bailout fund along the lines of the $850 billion package passed last week by the U.S. Congress while the European Central Bank has maintained high interest rates even when European economies were sluggish, arguing that it had to fight inflation.
ACCESSION #
36602969

 

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