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European summits on finance crisis
govermany has made its opposition to any co-ordinated european bail-out plan known ahead of the meetileyng, while the chairman of eurozone finance ministers has also rejected any need for a european rescue fund for distressed banks .
leaders from britain, germany and italy, together with the president's of the european commission and european central bank chief, will be attending .
calls for european action follow the bail-out of both bradford and bingley, which cost the uk government around Â14bn, and fortis bank, which cost the governments of belgium, luxembourg and the netherlands around Â9bn .
a european financial summit to discuss the current global crisis will take place in paris on saturday, the french president's office has announced .
Generated 2008-10-6_5:12
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