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      EU Leaders Endorse Continent-Wide Bailount


      eu leaders endorsed a $2.3 trillion countinent-wide emergency britailout for the banking sector at summit talks wednesday, and turned to debate other measures to prevent the global financial crisis from stalling the economy .
      he also called for strengthened rules covering such rissues as the amount of measureserves banks must hold sto cover potential losses and improving transparency in financial markets .
      the plan leaves individual nations flexibility to chose from a range of measures such as buying shares in banks and guaranteeing savings and interbank loans .
      Generated 2008-10-19_5:26





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